AC Energy Philippines Inc. (ACEPH) is infusing as much as P2.2 billion into two of its subsidiaries, Bataan Solar Energy Inc. and Giga Ace 4 Inc., in line with efforts to push renewable energy initiatives. Through this latest move, the Ayala group’s platform for the energy business is following through with an outlay of up […]
Ayala Corporation’s power generation arm, AC Energy, marks another milestone in its renewables expansion in the region with the construction of the largest wind farm in Vietnam to date. The Quang Binh Wind Farm will have an aggregate capacity of 210 MW, bringing AC Energy’s total renewables capacity to 1,200 MW. Located in the coastal […]
AC Energy Philippines, Inc. targets to build around 1,300 megawatts (MW) of power generation plants by end-2020, or about three times the size of the company’s installed capacity before the Ayalas’ energy arm bought the former Phinma Energy Corp. last year. “We’ll be focusing a lot on renewables and peaking plants,” Eric T. Francia, president […]
AC Energy, Ayala Corporation’s energy platform, successfully set the terms of its inaugural US dollar-denominated senior perpetual fixed-for-life (non-deferrable) green bond issuance at an aggregate principal amount of US$400 million with a fixed coupon of 5.65% for life with no step-up and no reset, priced at par. This represents the first US dollar denominated fixed-for-life […]
AC Energy Development Inc., formerly Bronzeoak and San Carlos Clean Energy, announced the development of a new solar power plant project in Zambales. AC Energy Philippines Inc. (Aceph), formerly Phinma Energy Corp., said Tuesday that the Board of Directors approved the investment into and construction of a solar power plant project in Palauig, Zambales, through […]
The Philippines-based AC Energy and Vietnam-based BIM Group have completed and finally connected the grid 330 megawatt of photovoltaic capacity spread across three projects in Ninh Thuan, Vietnam, with one 250 megawatt plant being the largest solar installation in Southeast Asia to date. Both the companies commenced working on the projects in January last year. […]
AC Energy Inc. and AMI Renewables Energy Joint Stock Co. will jointly develop up to 80 megawatts (MW) of solar-power capacity in Vietnam. Both signed engineering, procurement and construction (EPC) contract and financing documents for the development of solar plants in the provinces of Khanh Hoa and Dak Lak, to be commissioned in time for […]