Mitsubishi backs ACEN’s energy transition credit push

ACEN to study repurposing SLTEC coal plant for energy storage

SINGAPORE—Energy transition trailblazer ACEN Corporation of the Ayala group will schedule a study to dissect and assess options for the ‘asset repurposing’ of its 246-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal plant. The plant will be retired by 2030, way ahead of its full operating lifecycle as anchored on the transition credits prescription under Article 6 of the Paris Agreement.In an exclusive interview on the sidelines of t…

Mitsubishi backs ACEN’s energy transition credit push

MANILA, Philippines — Ayala-led ACEN Corp.’s push for the early retirement of the 246-megawatt coal plant in Batangas has gained another support, with Japan-based Mitsubishi Corp. coming in as additional partner to explore opportunities in transition credits. In a joint statement Wednesday, ACEN, Tamasek-led investment platform GenZero and Singapore’s Keppel Ltd. welcomed Mitsubishi and its