ACEN has taken full control of its India renewables business, ending its joint venture with UPC Renewables in a move that consolidates one of its largest overseas platforms.
The certificates of award, received early in January, formally confirm Alternergy’s auction wins after the company completed and submitted all post-auction requirements, including system impact studies and performance bonds, ahead of the original December 2025 deadline.
Listed SP New Energy Corp. is moving to rebrand and reset its market identity, changing its corporate name to MGEN Renewable Energy HoldingsInc. and stock symbol to MGENR from SPNEC, as it positions itself more clearly as a Meralco-backed renewable platform.
Alternergy Holdings Corp. is set to activate its ‘triple play’ portfolio in 2026, marking a major milestone for one of the Philippines’ renewable power pioneers. The company expects four projects across wind, solar, and run-of-river hydro, with a combined capacity of 225 MW, to begin commercial operations within the year.
Japan’s MUFG Bank has completed new financing transactions with San Miguel Global Power (SMGP) and SN Aboitiz Power Magat Inc. (SN Aboitiz Power), providing bank-backed support for renewable energy projects under the government’s Green Energy Auction programme.
A unit of Manuel V. Pangilinan-backed Manila Electric Co. said its investment in SP New Energy Corporation (SPNEC) is separate from Solar Para Sa Bayan Corporation (SPBC), amid renewed scrutiny linked to Batangas Rep. Leandro Leviste and his solar microgrid franchise.
The Ayala Group’s ACEN Corp. has reached a key milestone in its long-term transition, completing its shift to 100 percent renewable energy generation across its portfolio earlier this year.