AC Energy eyes becoming leader in renewables in 6 years
MANILA — AC Energy Philippines aims to have about 2,000 megawatts (MW) capacity by 2025 to become the leader in renewable energy (RE) in the country, with the groundbreaking of its RE plants seen in the next six months. In a briefing Tuesday, AC Energy president John Eric Francia said although RE power plants are easier […]
AC Energy gets PCC nod to buy wind farm in Ilocos Norte
AC Energy Philippines Inc. of the Ayala Group said it received an approval from the Philippine Competition Commission to acquire Philippine Investment Alliance for Infrastructure’s stake in North Luzon Renewables Energy Corp., which owns and operates an 81-megawatt wind farm in Pagudpud, Ilocos Norte valued at P2.7 billion. AC Energy Philippines said in a disclosure […]
AC Energy hikes stake in Ilocos wind farms
AYALA Group’s AC Energy Corp. on Wednesday announced its increased ownership in three wind farms in Ilocos province as part of the company’s efforts to boost its renewables attributable capacity.
AC Energy increasing stake in RE firm that operates Ilocos Norte wind farm
AC Energy Philippines Inc. is increasing its stake in a renewable-energy (RE) firm that operates an 81-megawatt (MW) wind farm in Ilocos Norte. “At its meeting today, the Executive Committee authorized the signing of a share purchase agreement with the Philippine Investment Alliance for Infrastructure [Pinai] for the Company to acquire Pinai’s ownership interest in […]
AC Energy inks deal to acquire solar farm operator
AC Energy Philippines, Inc. has signed a share purchase agreement with Macquarie Infrastructure Holdings (Philippines) Pte. Ltd., Langoer Investments Holding B.V., and the Government Service Insurance System for the acquisition of their ownership interest in Negros Island Solar Power Inc. (Islasol). Islasol owns and operates an 80-megawatt (MW) solar farm in Negros Occidental. “By acquiring […]
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 is at the forefront of the energy transition
As climate change takes center stage as one of the world’s most pressing challenges, and countries race to transition from fossil fuels to clean energy towards the post-COVID world, AC Energy recognized the opportune time to make a difference and lead the renewable energy revolution.
AC Energy launches 63MW Palauig solar farm
AC Energy (ACEN) announced that its 63-megawatt (MW) Gigasol Palauig solar farm in Zambales has begun operations and is seen to supply power to the Luzon Grid. The Ayala-led firm said the Php2.39 billion facility will generate over 90 million kilowatt-hours (kWh) of clean power to support the country’s power demand.
AC Energy planning solar farm in Davao Del Sur
AC Energy (ACEN) is looking to develop up to 500 hectares for solar farms in Mindanao, focusing first on Davao Del Sur.
AC Energy plans to focus on renewables, peaking plants
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 […]