AC Energy targets double-digit growth
MANILA, Philippines — AC Energy Corp. (ACEN) expects to rake in double-digit growth as it continues to aggressively expand its renewable energy (RE) capacity here and abroad.
AC Energy to acquire PINAI stake in Pagudpud wind farm operator
AC ENERGY Philippines, Inc. is buying the stake of an equity investment fund in their 81-megawatt (MW) wind farm in Pagudpud, Ilocos Norte, the listed company told the stock exchange on Monday. In a disclosure, it said the company’s executive committee at its meeting yesterday authorized the signing of a share purchase agreement with the […]
AC Energy to focus on existing expansion projects in Vietnam, Australia
MANILA, Philippines — AC Energy Inc., the energy platform of the Ayala conglomerate, is focusing on its over 700-megawatts (MW) renewable energy developments in Vietnam and Australia before finding its fifth market for its regional expansion. The Ayala firm has recently bought a 25 percent stake in The Blue Circle Pte. Ltd. (TBC), a Singapore-based […]
AC Energy to invest in Zambales solar power plant
AYALA-LED AC Energy Philippines, Inc. said on Tuesday that its board of directors had approved the company’s investment in a 60-megawatt (MW) solar power plant project in Palauig, Zambales. The solar power plant will be constructed through the company’s unit AC Energy Development, Inc., it told the stock exchange in an update of its earlier […]
AC Energy to put up 170-megawatt wind power project in Vietnam
MANILA, Philippines — AC Energy Inc., the energy platform of Ayala Corp., expands its renewable energy footprint in Vietnam with the construction of a 170-megawatt (MW) wind project with its partner. In a disclosure to the Philippine Stock Exchange yesterday, AC Energy said it signed a shareholders’ agreement with The Blue Circle to jointly construct, […]
AC Energy to start Vietnam wind projects in 2020
AC Energy, Inc. expects to break ground early next year on several wind projects in Vietnam with its three existing partners in the regional neighbor in time for the feed-in tariff deadline in November 2021, its top official said. “It could be as big as 250-300 megawatts (MW), it could be as small as 30 […]
AC Energy, CleanTech Global to form 200-MW solar JV in the Philippines
November 2 (Renewables Now) – Philippines-based AC Energy Corp (PSE:ACEN) said today it has secured board approval to set up a joint venture (JV) with compatriot CleanTech Global Renewables Inc to work on a 200-MW SC solar project in the Philippines’ Cagayan province.
AC Energy, UPC to develop Vietnam wind projects
AC Energy Inc. and UPC Renewables have started undertaking two wind projects in Vietnam with an aggregate capacity of 60 megawatts (MW), touted as the country’s tallest wind turbines. In a statement, Ayala Corp.’s power generation arm said the joint venture has commenced the construction of Lac Hoa and Hoa Dong wind turbines in the Mekong […]
AC Energy: Business back on track
AC Energy, the energy platform of conglomerate Ayala Corp., said it has resumed operations and its business is back on track even as it continues to grapple with the economic fallout from the Covid-19 pandemic.
Accelerating renewable energy development is important: minister
Jakarta (ANTARA) – Energy and Mineral Resources Minister Arifin Tasrif has called attention to the criticality of expediting the development of renewable energy in Indonesia as a precautionary measure against the looming economic and energy crises. Not only Indonesia but also several other countries in the world have adopted precautionary measures for the development of […]