ACEN, the listed renewable energy arm of the Ayala Group and one of the fastest-growing renewable energy platforms in Asia-Pacific, has extended up to P4 billion in short-term financing to wholly owned subsidiary Sanmar Solar Inc. to support the expansion of a large-scale solar facility in Zambales.
ACEN Corp., the green energy arm of the Ayala Group, said its wholly-owned unit, ACEN Australia, has secured access rights to the Central West-Orana Renewable Energy Zone (CWO REZ) for projects in New South Wales, which includes power generation from solar and wind energy.
ACEN, the listed energy company of the Ayala Group, will soon begin building the 60-megaWatt Pangasinan Solar farm, the listed power firm’s first development in the province and the second solar farm to start a major construction this year.
ACEN, the listed energy platform of the Ayala Group, will increase its power generation capacity with the development of a new 300-megawatt solar farm, called Palauig 2 Solar, in Zambales at a cost of P16 billion.
The National Privacy Commission (NPC) and the Bureau of Internal Revenue (BIR) have discussed safeguards for personal information under the tax agency’s Registration Seal Badge program following concerns from taxpayers and other stakeholders.
The Philippine Exporters Confederation Inc. (Philexport) is urging businesses to strengthen contingency plans for water shortages, rising energy costs and supply disruptions as strong El Niño conditions are expected to persist into early 2027.
VinFast Philippines is targeting more than 8,000 vehicle sales this year as shorter delivery waiting times signal an easing order backlog, supported by continued shipments and demand for its entry-level electric vehicle.
Two US Open junior champions met at the Toray Pan Pacific Open, but there was little suspense about who had the better grasp of life on the senior circuit. Alexandra Eala, the Philippines’ increasingly assured star, swept past Britain’s Mika Stojsavljevic 6-1, 6-2 in 75 minutes, proving that experience can be every bit as potent as a thunderous forehand.