Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

ACEN targets 20-GW renewable energy capacity by 2030

by
August 8, 2022
in Investing News
0
ACEN targets 20-GW renewable energy capacity by 2030
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

ACEN Corp. announced on Monday that it has adopted a new corporate vision and strategy that targets 20 gigawatts (GW) of attributable renewables capacity by 2030.

“We are now facing a global energy crisis, and the elevated fuel prices are compounding the tight power supply situation in the country. The world needs to accelerate the energy transition, and the country needs new capacity urgently,” said ACEN Chairman Fernando M. Zobel de Ayala, in a press release.

ACEN said the company’s “bold aspiration” to boost its growth plan by six times from its current renewable energy capacity of 3.4 GW is achievable by 2030.

Currently, ACEN has 18 GW of pipeline projects across the region.

The company also noted that in terms of technology buildup, solar and wind will remain its core energy technologies, complemented by investments in new technologies such as battery energy storage, floating solar, and offshore wind.

Eric T. Francia, president and chief executive officer of ACEN, said the entire organization is committed to “ACEN 2030,” its vision to reach 20 GW of renewables by 2030.

“It is an aggressive goal, though we believe that we have the right elements to succeed. We have a strong balance sheet, robust pipeline, strong partnerships, and a highly energized organization,” he said.

ACEN, the Ayala group’s listed energy platform, also said that it plans to “aggressively” expand its investments in Australia, which is seen to be its second-largest market within the decade.

The company also plans to expand its presence in Vietnam, Indonesia, and India through strategic partnerships.

“The Philippines will remain as the core market, which currently accounts for 40% of total capacity, and is expected to remain at this level,” it said.

ACEN aspires to be the largest listed renewables platform in Southeast Asia. At present, renewable energy sources account for 87% of its attributable capacity.

On Monday, shares in the company inched up by 0.45% or P0.04 to finish at P8.90 apiece on the stock exchange. — Ashley Erika O. Jose

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
DITO files competition complaints vs Globe, Smart

DITO files competition complaints vs Globe, Smart

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Bank lending jumps 10% in April, fastest in 2 years

Bank lending jumps 10% in April, fastest in 2 years

May 31, 2022
Bigger DA budget seen needed prior to RCEP market opening

Bigger DA budget seen needed prior to RCEP market opening

June 5, 2022
How to Choose a Payment System for Your Site?

How to Choose a Payment System for Your Site?

June 8, 2022
Globe Business seeks digital transformation partnerships with more MSMEs

Globe Business seeks digital transformation partnerships with more MSMEs

August 17, 2022
Sri Lanka could tip back to chaos if six-time PM voted president

Sri Lanka could tip back to chaos if six-time PM voted president

July 20, 2022
How To Trademark Your Business Name

How To Trademark Your Business Name

June 30, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.