Noticias de dinero

PLDT, ACEN subsidiary sign sustainability deal

PLDT Inc. on Thursday said it was partnering with ACEN Corp.’s supply retail unit, ACEN Renewable Energy Solutions (ACEN RES), to switch 33 of its facilities in Greater Metro Manila to 100-percent renewable energy (RE). PLDT said it would utilize ACEN RES’ portfolio of solar and geothermal power solutions to strengthen operational efficiency and reduce

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Noncash items weigh on ACEN net

ACEN Corp. said Tuesday that its net income dropped by 43 percent to P7.40 billion last year, from P13.10 billion in 2023, “due to a significant reduction in noncash items” from 2022. In a statement, the listed energy platform of the Ayala group said that 2022 net income had included P8.6 billion “in accounting adjustments

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ACEN to issue Q1 cash dividend next month

ACEN Corp. said Friday that it had declared cash dividends for outstanding Series A and Series B preferred shares, to come from unrestricted retained earnings as of Dec. 31, 2023. The firm told the stock exchange that a day earlier, management had approved the declaration of first quarter cash dividends for holders of outstanding Series

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ACEN issues $320-M corporate guarantees

ACEN Corp., the Ayala Group’s renewable energy platform, said on Monday that it had issued corporate guarantees amounting to an aggregate of $320 million in favor of two lenders of its subsidiary, ACEN Cayman. In a filing with the stock exchange, it said that on January 12, it executed parent company guarantees in favor of

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ACEN, Barito complete purchase of wind assets

ACEN Corp., the listed energy platform of the Ayala Group, on Wednesday said it and Indonesian holding firm Barito Renewables had completed the acquisition of three late-stage wind development assets in Indonesia with a combined potential capacity of 320 megawatts. In a filing with the stock exchange, ACEN said that “with all conditions having been

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ACEN fully acquires subsidiaries’ shares

ACEN Corp. said on Thursday that its acquisition of shares from subsidiaries categorized as special purpose vehicles (SPVs) had been finalized a day earlier. The Ayala-led firm completed the contract with Giga Ace 6 Inc. for the additional subscription to 799,479,168 common A shares (at P1.00 per share) and 7,162,304 redeemable preferred A shares (at

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ACEN wind project gets green lane nod

THE Board of Investments (BoI) on Friday said it had awarded green lane processing to ACEN Corp.’s 335-megawatt (MW) Isla wind project in Laguna and Quezon. The BoI said the P37.7-billion wind project of the Ayala Group’s renewable energy platform was awarded a green lane certificate last December 6 in ceremonies led by Trade Undersecretary

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ACEN, Barito forge Indonesia wind deals

ACEN Renewables International, a subsidiary of ACEN Corp., and Barito Renewables unit PT Barito Wind Energy said Friday that they had signed a sale and purchase agreement with UPC Renewables Asia Pacific Holdings. This was for the acquisition of late-stage wind development assets in Indonesia with a combined potential capacity of 320 megawatts (MW), ACEN

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ACEN units secure funding for projects

ACEN Corp., the listed energy platform of the Ayala Group, on Wednesday said that two of its subsidiaries had secured fresh loans to finance renewable energy projects here and abroad. “ACEN, through its subsidiary ACEN Renewables International Pte. Ltd., has secured an AUD75 million (approximately P2.76 billion) green term loan with the Hongkong and Shanghai

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ACEN sets road map for plant retirement

ACEN Corp. said on Tuesday it had launched an energy transition road map that will see the retirement of a 246-megawatt (MW) coal-fired power plant. The Just Energy Transition (JET) road map, which calls for the early retirement of the 246-MW South Luzon Thermal Energy Corp. (SLTEC) plant, builds on momentum generated by an energy

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