The company and its joint venture partners are spending $1 billion to develop the first wind power project in Laos.
"With 100 of 133 turbines already installed, this groundbreaking project is harnessing Lao PDR's (People's Democratic Republic) vast wind potential to help drive the region toward its decarbonization goals," ACEN said.
The project is a partnership with BCPG Public Co. Ltd., Impact Electrons Siam Ltd., Mitsubishi Corp., SMP Consultation and STP&I Public Co. Ltd., with ACEN taking an economic stake of about 24 percent.
This story is from the September 21, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 21, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Gov't set to award 1st hydrogen contracts
The government is on track to award the country's first service contracts for native hydrogen exploration that are still subject to President Marcos' approval, according to a Cabinet official.
Cebu Pacific to mount direct flights to Sapporo
Filipinos can reach Sapporo through direct flights again, but this time with low-cost carrier Cebu Pacific, marking the airline's fifth destination in Japan.
Ovialand embarks on 2nd project with Japan's Takara Leben
Ovialand Inc., a property developer led by the Olivares family, is embarking on its second project with Japan's Takara Leben Co. Ltd. following the success of the partnership's first residential joint venture.
ERC urged to resolve Meralco's rate reset
The Energy Regulatory Commission (ERC) should promptly resolve Manila Electric Co.'s (Meralco) rate reset, as further delays could hurt consumers and undermine investor confidence, a think tank said.
Trump victory sows fear in Phl stocks
Philippine stocks and peso under pressure
SEC to boost sustainability among SMLEs
The Securities and Exchange Commission (SEC) is working on ways to further boost sustainability among small, medium, and large enterprises (SMLEs) in the country.
Trump 2.0 raises risks for Phl, Asean
Nomura Global Markets Research warned that a second Trump presidency could bring adverse impacts for Southeast Asia, particularly affecting the Philippines' growth trajectory due to heightened geopolitical risks, volatility in remittances and vulnerabilities in the outsourcing sector.
Maynilad IPO set next year
Maynilad Water Services Inc. is finally pushing through with its initial public offering (IPO) next year.
STAR reporter bags EJAP journalism award
The Philippine STAR's Richmond Mercurio was recognized as the \"Energy Reporter of the Year\" during the 33rd Economic Journalists Association of the Philippines' (EJAP) Business Journalism Awards held last Friday in Makati.
Credit growth picks up after BSP rate cut
Credit growth improved for the third straight month to 11 percent in September as the Bangko Sentral ng Pilipinas (BSP) lowered borrowing costs and hinted at additional rate cuts, fueling optimism for continued economic expansion.
