The Ayala Group-backed ACEN Corp. is taking the lead in the Philippines’ clean power sector as it sealed a landmark deal with Copenhagen Infrastructure Partners (CIP) to acquire a 25-percent stake in the country’s largest offshore wind project.
The St. Francis Shangri-La Place, among the tallest luxury towers in Ortigas, has fully shifted its common area electricity use to 100 percent renewable energy, making it one of the first high-end residential buildings in the area to take this step.
ACEN Corporation, the Ayala Group’s renewable energy platform, posted a 28 percent drop in first-quarter net income to P1.95 billion, as softer performance in the Philippines and Australia offset stronger contributions from Vietnam and India.
ACEN Corp., the renewable energy arm of conglomerate Ayala Corp., is raising up to P30 billion through a stock rights offering (SRO) to fund expansion and strengthen its balance sheet.
ACEN Australia has closed a 750 million Australian dollar (P27 billion) portfolio debt deal to fund both its operational renewable assets and upcoming projects.
The Ayala Group’s renewable energy giant, ACEN Corp., ended 2024 with a P9.36-billion net income, up 27 percent year over year, as new solar and wind farms boosted earnings and reinforced its expansion plans across Asia Pacific.
ACEN RES, the Ayala group’s retail electricity unit, has signed up the Philippine Cultural College (PCC) as its first customer under the government’s Retail Aggregation Program (RAP).
China Banking Corp., part of the Sy family’s SM Group, has switched its Makati Head Office and Binondo Business Center to clean energy, reducing carbon emissions and promoting renewable energy in the Philippines.