AC Energy and Infrastructure Corporation (ACEIC) aims to launch up to 1,000 megawatts (MW) in renewable energy (RE) projects this year. Based on parent firm Ayala Corporation’s annual report, up to 500MW would come from new projects in the Philippines, while the other 500MW would be from ventures in Vietnam, Australia, and India. The projects […]
AC Energy buys Solar Philippines subsidiary as part of JV plan
AC Energy Philippines (PSE:ACEN) has acquired a 97.6% stake in a subsidiary of solar and battery storage supplier Solar Philippines Power Project Holdings Inc, namely Solar Philippines Central Luzon Corp (SPCLC). AC Energy, which is part of domestic business group Ayala Corp (PSE:AC), said in a bourse filing on Monday that the deal will enable […]
Update on GIC Private Limited’s Php 20bn Investment in AC Energy Philippines
On 30 December 2020, AC Energy Philippines (PSE: ACEN) and its parent company, AC Energy and Infrastructure Corporation (“AC Energy”; formerly, AC Energy, Inc.), signed an Investment Agreement with Arran Investment Pte Ltd, an affiliate of GIC Private Limited (“GIC”), for GIC’s acquisition of an effective 17.5% ownership stake in ACEN (the “Investment”). The ACEN […]
AC Energy earmarks P10.81 B for solar, wind projects in PH
The energy investment arm of the Ayala group will be injecting additional investments of P10.81 billion for greenfield solar and wind power projects in the Luzon grid. The board of directors of AC Energy Philippines had green-lighted secured loan procurement of P3.33 billion to bankroll the blueprinted 75-megawatt solar farm installation that shall be sited […]
AC Energy approves financing for P10 billion renewable projects
MANILA, Philippines : AC Energy Philippines Inc. has cleared financing for its solar and wind projects worth P10 billion, slated for construction early next year. In a disclosure to the Philippine Stock Exchange yesterday, AC Energy Philippines said its board approved to fully finance the construction of a solar plant project to be built in […]
AC Energy recognized for high compliance
MANILA, Philippines : AC Energy, the power generation arm of Ayala Corp., bagged multiple accolades for exemplary compliance of its renewable energy projects at the recently concluded Wholesale Electricity Spot Market (WESM) Compliance Officers (WCO) Summit 2020. AC Energy’s solar farms in Negros namely, Monte Solar Energy Inc. (Montesol), Negros Island Solar Power Inc. (Islasol) […]
Increasing renewables footprint in India: AC Energy builds second solar farm
Increasing renewables footprint in India: AC Energy builds second solar farm For more information please see below link:
AC Energy, UPC Solar develops solar farm in India
MANILA, Philippines : AC Energy Inc., the power arm of Ayala Corp. is expanding its footprint in India with the development of a $36 million solar farm through its joint venture with UPC Solar Asia Pacific. The 70 Megawatt peak (MWp) Paryapt Solar is expected to start power generation in the first half of 2021, […]
AC Energy announces 75-MW solar duo in Philippines
AC Energy announces 75-MW solar duo in Philippines..Read More.. Source : renewablesnow
AC Energy clinches Green Project of the Year Award
Ayala Corporation’s power generation arm, AC Energy, continues to reap global recognition as it bags the coveted “Green Project of the Year” award for its USD 410 million maiden Green Bonds at the recently concluded The Asset Triple A Infrastructure Awards 2020, which honors key institutions that have contributed to region’s economic growth and development. […]
