{"id":329262,"date":"2024-09-02T01:36:37","date_gmt":"2024-09-01T17:36:37","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329262"},"modified":"2024-09-02T01:36:39","modified_gmt":"2024-09-01T17:36:39","slug":"trade-the-news-acen-indonesian-firm-partner-develop-wind-projects","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-acen-indonesian-firm-partner-develop-wind-projects\/","title":{"rendered":"Trade the News: ACEN and Indonesian firm partner to develop wind projects"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>ACEN Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>ACEN<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 6.49<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Ayala-led ACEN Corp. has cemented its footprint in Indonesia through a new tie-up with Jakarta-based PT Barito Renewables Energy to fast track the development of its wind projects.<\/p>\n\n\n\n

The strategic collaboration will be facilitated through ACEN Indonesia Investment Holdings Pte Ltd and Barito Renewables\u2019 PT Barito Wind Energy.<\/p>\n\n\n\n

This came seven months after the ACEN Group acquired three late-stage wind development assets with a combined potential capacity of 320 megawatts (MW) in the provinces of South Sulawesi, Sukabumi and Lombok.<\/p>\n\n\n\n

\u201cThis exclusive partnership with Barito Renewables represents a bold step forward in our commitment to advancing Indonesia\u2019s renewable energy sector,\u201d ACEN chief investment officer Patrice Clausse said.<\/p>\n\n\n\n

At present, the Ayala Group\u2019s listed energy platform has a portfolio of 99 MW of operating and under-construction geothermal capacity in Indonesia.<\/p>\n\n\n\n

These international projects bode well with ACEN\u2019s ambitious target of quadrupling its renewable energy (RE) capacity to 20 gigawatts (GW) by 2030.<\/p>\n\n\n\n

It currently boasts a total attributable RE capacity of 4.8 GW across the Philippines, Australia, Vietnam, Indonesia and India.<\/p>\n\n\n\n

ACEN, through wholly owned ACEN Renewables International, signed a green term loan facility of $150 million with SMBC Singapore in April to support the expansion of its RE portfolio.<\/p>\n\n\n\n

Last month, a five-year syndicated green term loan and revolving credit facility of $150 million was secured from a consortium of foreign lenders led by the CTBC Bank Group.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329262","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329262"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329262\/revisions"}],"predecessor-version":[{"id":329264,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329262\/revisions\/329264"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}