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.
Seven break points may have been the difference. So, perhaps, was everything Alex Eala had learned about surviving when a tennis match refuses to behave.
The Bangko Sentral ng Pilipinas (BSP) faces an intricate policy dilemma as the economy slows down sharply. Second-quarter GDP growth cooled to 2.3 percent year-on-year—down from 2.8 percent in the first quarter and well below the 5.4 percent mark recorded a year prior—placing the central bank in the difficult position of managing persistent price pressures while avoiding a deeper domestic downturn.