The 63-megawatt greenfield Gigasol Palauig solar farm development of Ayala-led AC Energy Philippines Corporation has reached commercial operation phase and is now feeding capacity into Luzon grid. The company injected P2.39 billion into that newly completed project; and its scale of electricity generation could go beyond 90 million kilowatt-hours (kWhs). “Despite the challenges in construction […]
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 Development setting up new solar plant in Zambales
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 […]