ACEN Corp. secured a loan worth P11 billion with the Asian Development Bank (ADB) and the Bank of the Philippine Islands (BPI) to finance more of its renewable energy (RE) projects. The sustainability-linked loan facility, which will finance ACEN’s solar projects, includes a partial credit guarantee by ADB. “This financing…
THE listed energy platform of the Ayala Group, ACEN Corp. (PSE: ACEN), unveiled its “just transition roadmap” (JTR) for the 246-megawatt (MW) South Luzon Thermal Energy Corp. (SLTEC) coal-fired power plant, building on the momentum generated by its “energy transition mechanism” (ETM) initiative. The ETM is a concept developed by…
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Ayala-led ACEN Corporation will be acquiring five percent, equivalent to 500 million shares, in listed firm SP New Energy Corporation (SPNEC), a subsidiary of Leviste-founded Solar Philippines, as prepayment to a loan it extended to the latter for a solar farm development in Central Luzon.
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ACE Enexor Inc., the oil and gas investment platform of the Ayala group, will be undertaking a follow-on offering (FOO) for 74,000,000 shares to be priced at P10 to P11.84 per share. The company has secured the go-signal of its board this week on “the appointment of the transaction advisors incl