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ChipMOS REPORTS JANUARY 2025 REVENUE

HSINCHU, Feb. 10, 2025 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported its unaudited consolidated revenue for the month of January 2025. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.85 to US$1.00 as of January 31, 2025.

Revenue for the month of January 2025 was NT$1,745.3 million or US$53.1 million, representing a decrease of 2.0% from December 2024, and an increase of 2.2% from January 2024. The Company noted its revenue reflects an improvement on a year-over-year basis as it benefits from normalizing inventory levels at customers.

Consolidated Monthly Revenues (Unaudited)

January 2025

December 2024

January 2024

MoM Change

YoY Change

Revenues

   (NT$ million)

1,745.3

1,780.1

1,708.5

-2.0 %

2.2 %

Revenues

   (US$ million)

53.1

54.2

52.0

-2.0 %

2.2 %

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com 

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com 

Vantage Joins as Titanium Sponsor at Money Expo Mexico 2025

PORT VILA, Vanuatu, Feb. 10, 2025 /PRNewswire/ — Vantage Markets is excited to announce its participation as a Titanium Sponsor at the highly anticipated Money Expo Mexico 2025, taking place on February 26-27 in Mexico City. As one of the largest financial conferences in the region, Money Expo Mexico serves as a platform for global industry leaders, innovators, and financial experts to share insights and discuss the future of the financial ecosystem.

Vantage Joins as Titanium Sponsor at Money Expo Mexico 2025
Vantage Joins as Titanium Sponsor at Money Expo Mexico 2025

Vantage’s prominent role as a Titanium Sponsor underscores the company’s commitment to empowering traders with world-class tools, education, and trading solutions. Attendees can visit Vantage’s booth to explore the company’s approach to cutting-edge offerings, including multi-asset trading capabilities, innovative tools, and client-centric programs designed to cater to traders of all experience levels.

As part of the conference, Jose Flores, Business Development Manager at Vantage, will take the stage as a featured speaker to share his insights on trading trends and strategies within the rapidly evolving financial markets. His session will offer valuable information for traders and investors looking to navigate today’s dynamic trading landscape.

Vantage is also honored to be nominated for the prestigious “Best Global Broker 2025” award at Money Expo Mexico, reflecting the company’s commitment to excellence in technology, transparency, and service s for traders.

Jose Flores, Business Development Manager at Vantage, shared his thoughts on the event:
“Money Expo Mexico is an exceptional platform for connecting with traders and financial professionals. At Vantage, we are passionate about empowering traders with tools and knowledge to navigate the markets effectively. I’m excited to share insights at this incredible event and showcase how Vantage is shaping the future of trading.”

Attendees are invited to visit the Vantage booth to meet the team and gain insights into the latest trends in trading and investment.

For more information about Vantage’s participation at Money Expo Mexico 2025, visit Vantage Markets or Money Expo Global.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

JinkoSolar Tops Wood Mackenzie’s Global Solar Module Manufacturers Ranking 2025

SHANGRAO, China, Feb. 10, 2025 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it ranked No.1 in the Global Solar Module Manufacturers Ranking 2025 report recently published by Wood Mackenzie, thanks to its outstanding technological capabilities and highly efficient module performance. This achievement not only reflects the Company’s commitment to high-quality development in module manufacturing but also highlights its leadership position in the global photovoltaic industry.

This report ranked leading PV module manufacturers based on data collected from the first half of 2024. According to the report, 40 solar module manufacturers were evaluated based on nine criteria: years of manufacturing experience (10%), module manufacturing experience in production(10%), vertical integration(15%), capacity utilization(10%), technological maturity(15%), R&D(5%), financial conditions (10%)*, adherence to Environmental, Social, and Governance (ESG) and Corporate Social Responsibility (CSR) standards(10%), and third-party certifications(15%). The results highlight JinkoSolar’s strong performance across all criteria, showcasing its stronger financial strength and more sustainable operating capability.

JinkoSolar, as a technology-driven enterprise, focuses heavily on R&D and patent innovation. With its cutting-edge N-type TOPCon technology and globally leading patent portfolio, JinkoSolar’s products are recognized and trusted by customers in nearly 200 countries and regions. By the end of 2024, the Company’s cumulative module shipments exceeded 300 GW, maintaining its position as the global leader in module shipments for five years. Notably, its Tiger Neo N-type TOPCon modules, launched just two years ago, have already achieved shipments of 140 GW. In 2024 alone, Tiger Neo modules reached quarterly sales exceeding 20 GW, making them one of the world’s best-selling module type for six consecutive quarters.

JinkoSolar has recently introduced its revolutionary third-generation N-type TOPCon Tiger Neo 3.0 solar modules, setting new industry benchmarks with higher performance and power. This series offers modules with power outputs of up to 670W and the industry’s first 495W residential module with a remarkable conversion efficiency of up to 24.8%. Moving forward, JinkoSolar will continue to drive industry advancements by leveraging continuous innovation in TOPCon technology and the strong support of new products. With a focus on higher-power solutions, the Company aims to raise industry standards and accelerate the evolution of the photovoltaic industry.

Note: Financial data sourced from Jinko Solar Co., Ltd.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams  in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2024.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

Tourists Refused Boarding at Vang Vieng Station, Sparks Online Debate

Two tourists was attempting to bypass the checkpoint (Photo: Khaosod)

On 4 February, a now-deleted video shared on Facebook captured a confrontation between tourists and railway authorities at the Vang Vieng railway station in Vientiane Province, sparking mixed reactions online. 

KuCoin 2024 Annual Review: A Year of Resilience, Growth, and Transformation

VICTORIA, Seychelles, Feb. 10, 2025 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency exchange market, proudly announces its achievements in the 2024 Annual Review. The year was marked by a whirlwind of activities, significant growth in user base and trading volumes, and steadfast enhancements in security measures and regulatory compliance.

In 2024, KuCoin witnessed an unprecedented tripling of spot trading volumes in the MENA region, with Europe following closely with a 144% increase. This significant growth underscores KuCoin’s robust platform and market strategy adaptiveness. The exchange now serves over 38 million users globally, noting the most rapid growth in LATAM and MENA regions. Additionally, the number of new listings on KuCoin doubled in 2024, with a standout 170% increase in the fourth quarter alone compared to the third quarter. The futures trading platform also saw substantial growth, adding 125 new assets and attracting over 3 million new users, with a total 30% growth in Q4 user numbers.

KuCoin’s security and regulatory compliance remained a cornerstone of operations throughout 2024. As the first global exchange registered with India’s Financial Intelligence Unit (FIU), KuCoin leads the industry in adhering to stringent regulatory standards. With five global regulatory licenses, KuCoin continues to set the benchmark for security and compliance. The settlement with the DOJ further strengthens KuCoin’s position and allows it to focus more on growth and innovation, underscoring its commitment to operating within legal frameworks and maintaining the highest integrity.

The year also saw the launch of innovative platforms like GemPool and GemVote, which have significantly engaged the community and driven user interaction with new token listings. The Trading Bot platform witnessed a 49% increase in new bots in Q4 alone, demonstrating KuCoin’s leadership in automated crypto trading solutions.

KuCoin remains committed to impactful CSR activities, such as the “Light Up Africa” project, which distributed 10,000 solar lamps, benefiting 50,000 children across various communities.

As the industry moves into 2025, KuCoin is focused on continuing its growth trajectory, emphasizing security, innovation and user experience. There will be more upcoming enhancements that are dedicated to providing exceptional value and service to crypto users globally.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 39 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

Tech Applied Summit Opens in Hong Kong

Boosting Innovation and Competitiveness through Industry Collaboration

HONG KONG, Feb. 10, 2025 /PRNewswire/ — Tech Applied Summit, Hong Kong’s first premier innovation and technology event in 2025, opened today at the Hong Kong Convention and Exhibition Centre. With the theme “Leading Tech Forward”, the summit has brought together over 40 global leaders from government, industry, academia, research, and investment sectors. With more than 1,500 attendees, including technologists, startups, business leaders, and innovation and technology (I&T) enthusiasts, are engaging in discussions on cutting-edge topics such as generative AI, the low-altitude economy, and smart cities.

Tech Applied Summit opens today (10 February) at the Hong Kong Convention and Exhibition Centre. (From left to right) Officiating guests include Mr Ivan Lee, Commissioner for Innovation and Technology, HKSAR Government; Ir Sunny Lee, Chairman, ASTRI; Prof Sun Dong, Secretary for Innovation, Technology and Industry, HKSAR Government and Mr Ye Shuiqiu, Deputy Director-General of the Department of Educational, Scientific and Technological Affairs of the Liaison Office of the Central People’s Government in the HKSAR
Tech Applied Summit opens today (10 February) at the Hong Kong Convention and Exhibition Centre. (From left to right) Officiating guests include Mr Ivan Lee, Commissioner for Innovation and Technology, HKSAR Government; Ir Sunny Lee, Chairman, ASTRI; Prof Sun Dong, Secretary for Innovation, Technology and Industry, HKSAR Government and Mr Ye Shuiqiu, Deputy Director-General of the Department of Educational, Scientific and Technological Affairs of the Liaison Office of the Central People’s Government in the HKSAR

The summit was organised by the Hong Kong Applied Science and Technology Research Institute (ASTRI), as the inaugural event of its silver jubilee year. Funded by the Innovation and Technology Commission, the summit has garnered support from 70 organisations. The event kicked off with a video address by Chief Executive The Hon John Lee, followed by keynote speeches from senior government officials, including Professor Sun Dong, Secretary for Innovation, Technology and Industry, who shared his insights on the importance of technology and collaboration in driving Hong Kong’s growth and positioning it as a global innovation hub, and Ms Mable Chan, Secretary for Transport and Logistics, who unveiled I&T related policies such as the low-altitude economy development blueprint.

Empowering Industries Through Innovation

In his video address, Chief Executive The Hon John Lee said the HKSAR Government has been implementing forward-looking policies to drive our city’s I&T advancement. “Our HK$10 billion RAISe+ Scheme, launched by this term of the Government, is fast-tracking R&D commercialisation. The New Industrialisation Acceleration scheme is helping industries like life and health technology and advanced manufacturing build cutting-edge, smart production facilities. The new HK$10 billion Innovation and Technology Industry-Oriented Fund will soon launch, to channel more investment in emerging and future industries of strategic importance. All there initiatives are making Hong Kong a launch pad for start-ups, researchers, and investors to turn bold ideas into transformative realities.”

“The Tech Applied Summit exemplifies how collaboration can supercharge innovation. We are excited about the opportunities that lie ahead and are committed to continuing our journey of innovation and excellence. I would like to thank ASTRI for organising this remarkable Summit, and for your unwavering commitment to Hong Kong’s I&T development.” Mr Lee added.

Professor Sun Dong said: “The close partnership among government, industry, academia, research and investment sectors forms the cornerstone of our strategy to unlock new opportunities and drive progress, and our partnerships extend far beyond our borders. The potential for Hong Kong-Mainland collaboration, particularly in the Greater Bay Area , is indeed immense. ASTRI has played a pivotal role in fostering this collaboration. With the opening of its office in the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone last year, ASTRI has been instrumental in transforming ideas into impactful solutions that benefit business, society, and the economy.”

“The Government earlier proposed the merger of ASTRI and NAMI, a combination of two strong public R&D centres with complementary advantages and shared values, thereby enhancing our capability and capacity for high value-added applied R&D work. We are eager to unleash the integrated power of the new entity and jointly accelerate the development of new quality productive forces,” Professor Sun added.

Driving Research Commercialisation

Ir Sunny Lee, Chairman of ASTRI’s Board, underscored the summit’s role in fostering cross-sector collaborations and showcasing homegrown technologies. “Over the past 25 years, ASTRI has transformed innovative ideas into impactful technologies. By partnering with government departments, universities, industry leaders, and global tech pioneers, we’ve successfully commercialised breakthrough innovations,” said Ir Lee.

He added that ASTRI will strengthen collaboration with other R&D centres, leveraging the combined expertise to provide more comprehensive services for clients. “Our R&D team will focus on emerging technologies such as low-altitude economy, autonomous driving and CV2X, generative AI and more, driving the development of new industrialisation and I&T industry.

During the summit, ASTRI’s Acting CEO and COO, Ir Chris Chong, signed memoranda of understanding with key organisations, including China’s SUTPC Digital Technology and ConnectX Technology Limited, Prophesee (France), Smart City Association(Korea), as well as Westwell Holdings (Hong Kong) Limited, paving the way for future technology transfer and expanded applications.

From Lab to Market

The summit featured prominent speakers from France, Hong Kong, Korea, Mainland China, Thailand, and the UAE. Among them was Professor Dennis Lo, a pioneer in non-invasive prenatal diagnostics and recipient of the Breakthrough Prize in Life Sciences, shared insights on the commercialisation of plasma DNA diagnostic technology for prenatal and cancer screening.

Ms Mable Chan, Secretary for Transport and Logistics; Dr Sunny Chai, Board Chairman of Hong Kong Science and Technology Parks Corporation; Mr George He, Lenovo’s Senior Vice President and Lenovo Capital and Incubator Group’s President, and Mr Hendrick Sin, President of the Internet Professional Association deliver keynote speeches under “An Overview of Low-Altitude Economy Development”, “Future Development of Innovation and Technology in Hong Kong“, “Advancing I&T Commercialisation through Strategic Corporate-Start-up Collaboration” and “Examining Hong Kong’s I&T Development Opportunities – Perspectives on Entrepreneurship and Investment” respectively.

Showcasing Hong Kong’s Tech Prowess

The summit features a Technovation Zone, spotlighting 20 local technology enterprises, including startups, corporations, universities and research institutions. Participants such as The Hong Kong Polytechnic University, The Hong Kong Research Institute of Textiles and Apparel, and the Nano and Advanced Materials Institute, are showcasing the latest R&D achievements across digital health, smart city solutions and FinTech sectors. Innovative technologies on display include: V2G Wall Box, a two-way charging system; Last-Centimeter Drone Delivery in Urban Environments; Smart Site Management System, among others.

These exhibitions highlight Hong Kong’s technological capabilities while fostering collaboration and exploring practical applications of cutting-edge technologies across diverse industries. The exhibition will continue as part of ASTRI’s Technovation Week, held from 17 to 21 February at the Atrium Link of Hong Kong Science Park.

Related Links
Tech Applied Summit https://techapplied.astri.org
ASTRI Corporate Website – https://www.astri.org  

 

About ASTRI

Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong’s competitiveness through applied research. ASTRI’s core R&D competence in various areas is grouped under five Technology Divisions: Advanced Electronic Components and Systems; Artificial Intelligence and Trust Technologies; Communications Technologies; Innovative Mind, and IoT Sensing and AI Technologies. It is applied across six core areas which are Smart City, Financial Technologies, New-Industrialisation and Intelligent Manufacturing, Digital Health, Application Specific Integrated Circuits and Metaverse.

Over the years, ASTRI has nurtured a pool of research, I&T talents and received numerous international awards for its pioneering innovations as well as outstanding business and community contributions. ASTRI has transferred more than 1,500 technologies to the industry and has been granted over 1,100 patents in the Mainland, the United States, and other countries. For further information, please visit www.astri.org.

Witnessed by Mr Peter Yan, Director-General of Office for Attracting Strategic Enterprises of the HKSAR Government and Ir Sunny Lee, Chairman of ASTRI, Ir Chris Chong, Acting Chief Executive Director and Chief Operating Officer, signed MoUs with representatives from SUTPC Digital Technology (Hong Kong) Limited and ConnectX Technology Limited, as well as France’s Prophesee, Korea’s Smart City Association and Westwell Holdings (Hong Kong) Limited respectively, laying a solid foundation for technology transfer across industries in the future
Witnessed by Mr Peter Yan, Director-General of Office for Attracting Strategic Enterprises of the HKSAR Government and Ir Sunny Lee, Chairman of ASTRI, Ir Chris Chong, Acting Chief Executive Director and Chief Operating Officer, signed MoUs with representatives from SUTPC Digital Technology (Hong Kong) Limited and ConnectX Technology Limited, as well as France’s Prophesee, Korea’s Smart City Association and Westwell Holdings (Hong Kong) Limited respectively, laying a solid foundation for technology transfer across industries in the future

Picture shows Ms Mable Chan, Secretary for Transport and Logistics, HKSAR Government, accompanied by ASTRI senior management, touring at the Technovation Zone, which showcases the latest innovations from ASTRI and 20 local tech companies and institutions
Picture shows Ms Mable Chan, Secretary for Transport and Logistics, HKSAR Government, accompanied by ASTRI senior management, touring at the Technovation Zone, which showcases the latest innovations from ASTRI and 20 local tech companies and institutions

The Hon John Lee, Chief Executive of the Hong Kong Special Administrative Region gave an opening remarks via a pre-recorded video
The Hon John Lee, Chief Executive of the Hong Kong Special Administrative Region gave an opening remarks via a pre-recorded video

Prof Sun Dong, Secretary for Innovation, Technology and Industry, HKSAR Government delivered a keynote address at the Summit
Prof Sun Dong, Secretary for Innovation, Technology and Industry, HKSAR Government delivered a keynote address at the Summit

In her keynote sharing, Ms Mable Chan, Secretary for Transport and Logistics, HKSAR Government gave an overview of low-altitude economy development in the city
In her keynote sharing, Ms Mable Chan, Secretary for Transport and Logistics, HKSAR Government gave an overview of low-altitude economy development in the city

Welcome remarks by Ir Sunny Lee, Chairman, ASTRI
Welcome remarks by Ir Sunny Lee, Chairman, ASTRI

ACEN achieves Leadership level in CDP’s climate change assessment

MANILA, Philippines, Feb. 10, 2025 /PRNewswire/ — ACEN has achieved Leadership level and an A− rating for its climate actions from CDP, the global non-profit that assesses corporate environmental transparency and performance in climate change, deforestation and water security. This marks an improvement from ACEN’s previous B rating, underscoring the company’s continued commitment to climate action and transparency.

To attain Leadership status, companies must demonstrate best practices in climate action, environmental governance, transparency, risk management and target setting. CDP scores organizations from A (highest) to D- (lowest) based on the comprehensiveness of their disclosures, awareness of environmental issues, management strategies and progress toward sustainability goals.

ACEN has participated in CDP’s climate disclosure since 2022, joining over 24,800 organizations in contributing to the world’s largest and most comprehensive dataset on environmental action. CDP’s insights empower investors, companies, cities and governments to make informed, sustainability-driven decisions.

Jonathan Back, ACEN group CFO and Chief Strategy Officer, said: “Achieving CDP Leadership status reflects ACEN’s disciplined approach to integrating sustainability into our business strategy. Transparency and strong climate governance are key to ensuring long-term value for our stakeholders while accelerating the energy transition. Our improved rating reinforces our commitment to responsible growth and scaling renewable energy investments that drive both financial and environmental impact.”

Driving climate action and early coal retirement

ACEN remains at the forefront of early coal retirement, having completed the world’s first market-based Energy Transition Mechanism (ETM) in November 2022. This milestone transaction involved divesting a 246 MW coal plant in Batangas and committing to its early retirement by 2040, 15 to 25 years ahead of the typical 40–50-year coal plant lifespan. This initiative is projected to reduce up to 50 million tons of carbon emissions.

Building on this momentum, ACEN’s ETM project is now serving as a pilot for Transition Credits, with the goal of accelerating the plant’s retirement to 2030—ten years earlier than planned—cutting carbon emissions by an additional 19 million tons.

Transition Credits are high-integrity carbon credits that facilitate the just and responsible phaseout of coal, replacing it with clean energy. ACEN is developing this pioneering initiative in collaboration with the Monetary Authority of Singapore (MAS) and The Rockefeller Foundation under Article 6 of the Paris Agreement. The Philippine and Singaporean governments have affirmed their support, with a Memorandum of Understanding signed in August 2024 and an Implementation Agreement targeted for completion this year.

ACEN was also the first energy company in Southeast Asia to launch a comprehensive Net Zero roadmap, featuring near-term emission reduction targets aligned with the GHG Protocol and the latest climate science, as well as long-term targets consistent with the deep decarbonization of the power sector.

ABOUT ACEN 

ACEN, the Ayala group’s listed energy platform, is at the forefront of the energy transition, with a rapidly growing presence across the Philippines, Australia, Vietnam, India, Indonesia, Lao PDR and the USA. The company currently has 6.8 GW of attributable renewable energy capacity spanning operational, under-construction, and committed projects.

As a pioneer in advancing the shift to sustainable energy, ACEN is dedicated to delivering clean, reliable, and affordable power across the Asia-Pacific region. With an ambitious target to scale its renewable energy capacity to 20 GW by 2030, the company is on track to achieve 100% renewable energy generation by 2025 and reach Net Zero greenhouse gas emissions by 2050, driving a carbon-neutral future and supporting the global energy transition.

Amari Vientiane Celebrates Grand Opening

Amari Vientiane, Laos

On 9 February, Amari Vientiane officially welcomed its first guests with a grand opening ceremony attended by Lao Prime Minister Sonexay Siphandone and other government officials.