Ayala-led AC Energy Corporation (ACEN) is eyeing to fetch $400 million in gross proceeds from its issuance of senior guaranteed undated green bonds with non-callable 3.5-year fixed-for-life or non-deferrable term. In a media statement, the Ayala firm emphasized that the green bonds had been priced at 4.0-percent and the issuance was “more than five times […]
AC Energy And NEFIN to Work on Distributed Solar Projects – EQ Mag Pro
Philippines’ AC Energy and Hong Kong-based solar developer NEFIN will work on distributed solar projects to work towards carbon neutrality in Asia. AC Energy’s wholly owned subsidiary AC Renewables International (ACRI) will form a joint venture with NEFIN to develop, build and operate rooftop solar projects across Asia. According to the statement, distributed power generation […]
Philippine’s AC Energy to Form Solar Rooftop JV, Posts 5% H1 Profit Rise
Philippine-based power company AC Energy Corp (PSE:ACEN) said Thursday it will form a joint venture (JV) with NEFIN Holding Ltd to develop, build and operate rooftop solar projects across Asia. ACEN will enter into the 50/50 JV through its wholly-owned subsidiary AC Renewables International (ACRI). The new business will have 21 MW of operating assets […]
AC Energy And NEFIN Joint Venture to Offer Carbon Neutrality Solutions Across Asia
AC Energy subsidiary to enter a joint venture with NEFIN to develop, construct, and operate rooftop solar projects across Asia Primary infusion of US$ 10 million investment, with commitment of further funding for pipeline projects Geographies covered include Hong Kong, Malaysia, China, and Taiwan, with potential expansion to other Australasian countries August : AC Energy […]
Southeast Asian Tycoons Step Up Investments In Renewable Energy Projects Across Indonesia, Vietnam
AC Energy controlled by Philippine billionaire Jaime Zobel de Ayala’s Ayala Corp.—and Singapore-based Sunseap Group are investing over $2.4 billion in separate renewable energy projects across Southeast Asia as countries around the region accelerate their transition into a carbon-free future. Sunseap backed by Thai billionaire Isara Vongkusolkit’s energy firm Banpu pcl and Singapore’s state investment […]
5 More ACEN Projects Endorsed For System Impact Study
An additional seven power projects, five of which are powered by AC Energy (ACEN), have been endorsed by the Department of Energy (DOE) to the National Grid Corporation of the Philippines for system impact study (SIS), bringing the total to 31 for 2021. AC Energy will be developing solar farms in Rizal, particularly in the […]
AC Energy and UPC Renewables Start Building Wind Farm in Philippines
AC Energy and UPC Renewables begin construction works on the Balaoi and Caunayan wind farm in the Philippines. Philippines-based energy company AC Energy and its partner, UPC Renewables, have started construction works on the Balaoi and Caunayan wind farm.Built with a PHP11.4bn ($238m) investment, the 160MW wind farm is located in Pagudpud in the Philippines’ […]
AC Energy to Build Philippines’ Largest Wind Farm at Cost of $239 mln
AC Energy aims to complete the project in the last quarter of 2022 and put the wind farm, which will consist of 32 wind turbines supplied by Siemens Gamesa, into full commercial operation by 2023. AC Energy Corp, the power generation unit of Philippine conglomerate Ayala Corp, will build an 11.4 billion-peso ($239 million) wind […]
AC Energy to invest Php4.5B in subsidiary for Zambales solar project
AC Energy (ACEN) is investing Php4.5 in its subsidiary that will run its solar project in San Marcelino, Zambales. Based on its disclosure to the Philippine Stock Exchange on Wednesday, the said amount will be placed in subsidiary Santa Cruz Solar Energy, Inc. The Ayala-led firm also issued a notice to proceed to develop, mobilize, […]
AC Energy sets sights on solar, wind projects
MANILA, Philippines : AC Energy Corp. (ACEN) is setting its sights on solar and wind projects, coupled with battery storage, to scale up its renewable energy (RE) portfolio. During the company’s annual stockholders’ meeting yesterday, ACEN president and CEO Eric Francia said the company is prepared to invest heavily in renewables led by solar and […]