Connect with us

Hi, what are you looking for?


ACEN signs EPC contract for solar farm in Australia

ACEN Corp. said its subsidiary had chosen PCL Construction as its engineering, procurement and construction contractor (EPC) for the development of its 520-megawatt direct current (MWdc) Stubbo solar farm in Australia.

“PCL has been engaged to deliver all aspects of the solar project and is responsible for the detailed design, engineering and procurement of Stubbo solar,” ACEN said in a media release on Tuesday, adding that the contractor will also handle the operation and maintenance services of the solar farm for two years.

ACEN said the construction of the Stubbo solar farm started after it issued a notice to proceed to PCL, which means all contracts for the project are in place. It described PCL as a diversified construction company involved in solar energy solutions in Australia, the United States and Canada.

ACEN quoted Gopi Govindraj, country manager of PCL, as saying, “We look forward to designing and building this important solar project for ACEN Australia.”

Sech Zabaleta, chief development officer at ACEN, said that the Stubbo solar farm is part of the Ayala-led company’s renewable energy expansion where it targets to reach 20 gigawatts of installed renewable energy (RE) capacity by 2030.

The solar farm project is located in Stubbo, New South Wales. It will connect the existing 330-kiloVolt (kV) network between Wollar and Wellington.

The project is expected to power up to 185,000 households. It includes a provision for a 200-megawatt-hours (MWh) battery energy storage system, which will allow the solar farm “to dispatch energy when it is most needed during peak hours and provide important grid stability services.”

In a separate media release, ACEN said it executed on Dec. 9 a P10-billion loan facility agreement with BDO Unibank, Inc.

ACEN also said it signed a deal for the acquisition of subscription rights in Sinocalan Solar Power Corp. (SSPC), the developer of a 60-megawatt-peak solar power plant in Pangasinan.

The renewable energy company said it signed a deed of assignment with Sungrow Power Renewables Corp. to acquire subscription rights to be issued in the increased authorized capital stocks of SSPC.

On Tuesday, shares in ACEN closed 3.95% lower to end at P7.30 apiece. — Ashley Erika O. Jose

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!


Editor’s Pick

<?xml encoding=”utf-8″ ??> Aspect is the well-known property maintenance company in London that is recognised for its signature yellow and blue vans, which are...

Editor’s Pick

<?xml encoding=”utf-8″ ??> The Wakelet Microsoft 365 Children’s Parliament backed by The Express, is proud to announce that James Caan CBE, the former Chairman...


THE TOWERING BUILDINGS of Makati’s central business district are seen in the background in this May 13, 2020 file photo. — PHILIPPINE STAR/ MIGUEL...


A Philippines peso note is seen in this illustration on June 2, 2017. — REUTERS THE PHILIPPINES could benefit from the proposed Maharlika Investment...


PASSENGERS queue before the check-in counters at the Ninoy Aquino International Airport (NAIA) Terminal 3 after flights were canceled due to technical issues on...


By Arjay L. Balinbin, Senior Reporter METRO PACIFIC Investment Corp. (MPIC) expects to generate P500 million in revenue from its dairy business by 2025,...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, 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.

Copyright © 2022 Respect Investment. All Rights Reserved.