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 Philippines is seeking common electric vehicle (EV) charging standards and stronger cross-border supply chains across Southeast Asia to lower market barriers, attract investments and give local businesses greater access to the regional industry.
Manila Electric Co. (Meralco) and LG Electronics Philippines have teamed up to demonstrate how connected appliances and energy management technologies can help Filipino households control electricity consumption while improving convenience.
Vietjet has officially started direct flights between Clark and Ho Chi Minh City, marking the first nonstop air route connecting the two destinations and strengthening ties between the Philippines and Vietnam.
The Philippine Airlines (PAL) officially launched its first nonstop flights between Manila and Chicago today, marking a key expansion of the carrier's network in North America.