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 […]
AC Energy raises $225 million from maiden green bonds
MANILA, Philippines — AC Energy Inc., the energy platform of the Ayala conglomerate, has successfully raised $225 million from its maiden green bond issuance which will bankroll its renewable energy portfolio expansion. The inaugural US dollar-denominated senior green bond issuance has a five-year tenor and a coupon of 4.75 percent per annum, priced at 99.451. […]
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 recognized for high compliance
MANILA, Philippines — AC Energy, the power generation arm of Ayala Corp., bagged multiple accolades for exemplary compliance of its renewable energy projects at the recently concluded Wholesale Electricity Spot Market (WESM) Compliance Officers (WCO) Summit 2020.
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 says building Philippines’ largest wind farm
MANILA – AC Energy Corporation has started construction of the 160-megawatt Balaoi & Caunayan wind farm, which it said is the biggest wind farm in the Philippines to date. The new P11.4-billion wind farm located in Pagudpud, Ilocos Norte will be the third wind development of AC Energy in the province, along with the NorthWind […]
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 […]