AC Energy sets follow-on offering of up to 2 billion primary shares
MANILA, Philippines — The AC Energy group has acquired a 50 percent stake in a 50-megawatt (MW) solar farm in Pampanga being developed by Citicore Solar Energy Corp. (CSEC)
AC Energy supplies RE power to manufacturing firm
Ayala-led AC Energy Corporation will be supplying a renewable energy-generated electricity to consumer-goods firm Pacific Synergy for its manufacturing facility in Laguna.
AC Energy supplying Ayala Land with RE until 2050
As part of their parent conglomerate’s goals of having net zero greenhouse gas emissions, AC Energy (ACEN) has signed a power supply agreement (PSA) with sister firm Ayala Land to provide it with renewable energy (RE) until 2050.
AC Energy takes control of Ilocos wind power plant
AC Energy Philippines Inc. of conglomerate Ayala Corp. is taking majority control of North Luzon Renewables Energy Corp., which owns and operates an 81-megawatt wind farm in Pagudpud, Ilocos Norte.AC Energy, formerly Phinma Energy Corp., said in a disclosure to the Philippine Stock Exchange its executive committee approved the signing of an agreement to buy […]
AC Energy taps BPI Capital for global green notes offer
MANILA, Philippines — AC Energy Inc., the energy platform of the Ayala conglomerate, has appointed BPI Capital as the sole global coordinator for its proposed green notes offering. In a disclosure to the Philippine Stock Exchange, AC Energy said it is proposing the offering of fixed for life (non-deferrable) senior perpetual non-call three-year green notes. […]
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 build storage system in Vietnam
AC Energy Corp. and its partner AMI Renewables Energy Joint Stock Co. will pilot a battery energy storage system in Vietnam.
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 leave coal projects
Ayala-owned AC Energy Philippines is breaking free from coal-fired generating facilities, hence, it is casting the divestment of its shareholdings in the 1,336-megawatt Dinginin power project and the 360MW Mariveles coal plant, its joint venture with the Aboitiz group.