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.
Mingyang Group is weighing investments in Philippine ports, floating platforms and wind turbine manufacturing as it looks to turn the country from an equipment market into a potential offshore wind production base.
Sunlight Air is exploring direct flights between tourist destinations, including Boracay, as the domestic carrier looks to improve inter-island connectivity without relying solely on established aviation hubs.
Alex Eala reminded everyone in Tokyo that a slow start is not necessarily a forecast, rallying past Australia’s Talia Gibson, 4-6, 6-2, 6-0, to reach the quarterfinals of the Toray Pan Pacific Open on Wednesday night.