ACEN Corp., the listed energy platform of the Ayala Group, said it plans to set aside around P70 billion in capital expenditures (capex) for 2025, the bulk of which will be used to support its various projects both here and abroad.
ACEN Corp ., the listed energy platform of the Ayala Group, said it plans to set aside around P70 billion in capital expenditures for 2025, the bulk of which will be used to support its various projects both here and abroad.'For 2025, we expect to spend roughly around P70 billion. This amount will be mostly used for all our projects all over the world as we continue our goal of achieving 20 gigawatts of renewable energy capacity by 2030,' ACEN President and CEO Eric Francia said.
ACEN recently announced that its subsidiary, ACEN Australia, has won a capacity investment scheme agreement from the Australian government to build a 936-megawatt wind farm in Coolah, New South Wales, Australia.Dubbed as the Valley of the Winds project, the wind farm will be built in NSW's Central West Orana Renewable Energy Zone, with a targeted commercial operation date of December 2030.
Corp Sets P70-B Capex For 2025
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