This project involves closing the South Luzon Thermal Energy Corp. coal plant a decade early and replacing it with sustainable power solutions and battery storage.
The initiative, under the Coal to Clean Credit Initiative, has determined its feasibility through carbon finance, setting a precedent for similar transitions globally.
By 2025, ACEN aims to secure financial agreements to finalize this groundbreaking coal-to-clean carbon credit transaction.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
