ACEN, GenZero, and Keppel Corporation have signed a Memorandum of Understanding (MOU) to explore the development and utilization of Transition Credits (TCs) to fast-track the retirement of the South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant (CFPP) in Batangas, Philippines. The collaboration aims to replace the coal plant with a renewable energy facility, marking a groundbreaking initiative that could make SLTEC one of the world’s first coal plants to generate TCs.
