AC Energy completes purchase of Negros solar farms
AC Energy Philippines Inc. announced on Tuesday the completion of its acquisition of a controlling stake in solar farms in Negros Occidental province as part of efforts to ramp up its renewable energy (RE) portfolio. In a disclosure, the Ayala-led company said it had closed the transaction to buy the ownership interest of Philippine Investment […]
AC Energy gets PCC go-signal to acquire Negros solar plant
MANILA, Philippines — The Philippine Competition Commission (PCC) has cleared the entry of AC Energy Philippines Inc. in another solar power plant in Negros Occidental. PCC approved AC Energy’s acquisition of the stake of Philippine Investment Alliance for Infrastructure (PINAI) investors in Negros Island Solar Power Inc. (Islasol), which owns and operates an 80 megawatt solar […]
AC Energy increases green bonds offering to reach $470 million
AYALA-LED AC Energy, Inc. (AC Energy) upsized its senior green bonds offering under its $1-billion medium-term note program by $60 million, expecting it to boost its clean energy investments amid a grueling business environment. In a stock exchange disclosure on Thursday, parent Ayala Corp. said the latest five-year bonds with a coupon of 4.75% annually, which […]
AC Energy invests P570 million in 300 MW diesel power plant in Rizal
MANILA, Philippines — AC Energy Philippines Inc. (ACEP) has invested P570 million in a 300-megawatt (MW) diesel power plant in Rizal. In a disclosure to the Philippine Stock Exchange yesterday, ACEP said it signed a subscription agreement with Ingrid Power Holdings Inc. Under the agreement, ACEP subscribed to 50,000 Ingrid common shares worth P4.9 million […]
AC Energy invests Php250M in subsidiary for land bank
AC Energy (ACEN), the Ayalas’ power unit, will invest Php250 million in subsidiary firm Buendia Christiana Holdings Corporation (BCHC) through a shares subscription arrangement. In a disclosure to the Philippine Stock Exchange, ACEN said that it signed a subscription agreement deal with BCHC.
AC Energy issues $300M in green bonds
Ayala-led AC Energy issued US dollar-denominated senior perpetual fixed-for-life (non-deferrable) green bonds worth $300 million (Php14.3 billion) last November 27.
AC Energy raises $400 million from green bond issue
MANILA, Philippines — AC Energy Inc., the Ayala group’s power business, has launched its first ever US dollar denominated perpetual, fixed-rate green bonds amounting to $400 million. Proceeds from the issue will be used to fund the company’s renewable energy expansion in the Asia Pacific region. In a disclosure to the Philippine Stock Exchange yesterday, […]
AC Energy readies funds for solar, wind projects
The Board of Directors of AC Energy Philippines (ACEN) has approved financing for solar and wind power projects worth P10.81 billion.
AC Energy reports higher profits as clean power investments pay off
MANILA, Philippines — AC Energy Corp. reported higher earnings in the first half, thanks to improving power demand and contribution from its newly operational renewable energy projects.
AC Energy seals purchase of Chevron assets
MANILA, Philippines – AC Energy Holdings Inc. of the Ayala Group and its partners have sealed the purchase and acquisition of Chevron’s geothermal assets and operations in Indonesia. The Indonesian assets and operations include the Darajat and Salak geothermal fields in West Java, with a combined capacity of 637 megawatts of steam and power. These […]