AC Energy and UPC Renewables start building wind farm in Philippines
Philippines-based energy company AC Energy and its partner, UPC Renewables, have started construction works on the Balaoi and Caunayan wind farm. Built with a PHP11.4bn ($238m) investment, the 160MW wind farm is located in Pagudpud in the Philippines’ Ilocos Norte region.
AC Energy announces 75-MW solar duo in Philippines
August 20 (Renewables Now) – AC Energy Philippines (PSE:ACEN) has announced it developing two new solar projects at home for a total of 150 MW of capacity. The energy platform, part of Philippine business group Ayala Corp (PSE:AC), intends to spread PHP 6.2 billion (USD 127.3m/EUR 107.6m) to build two 75-MW plants in the region of […]
AC Energy approves financing for P10 billion renewable projects
MANILA, Philippines — AC Energy Philippines Inc. has cleared financing for its solar and wind projects worth P10 billion, slated for construction early next year.
AC Energy breaks ground on 283-MW solar park in the Philippines
November 8 (Renewables Now) – AC Energy Corp (PSE:ACEN), part of Philippines-based conglomerate Ayala Corp (PSE:AC), has started building what will be the largest solar park in its home country, a 283-MW complex in Zambales province.
AC Energy buys Solar Philippines subsidiary as part of JV plan
January 25 (Renewables Now) – AC Energy Philippines (PSE:ACEN) has acquired a 97.6% stake in a subsidiary of solar and battery storage supplier Solar Philippines Power Project Holdings Inc, namely Solar Philippines Central Luzon Corp (SPCLC).
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 completes Vietnam solar project
MANILA, Philippines — AC Energy Inc., the energy platform of Ayala Corp., has completed its second solar project worth $83 million in Vietnam in partnership with AMI Renewables Energy Joint Stock Co. The Ayala firm said the completed projects are composed of two solar plants with a combined capacity of 80 megawatts (MW) located in […]
AC Energy expects to hit half of 5,000MW RE goal in 2021
AC Energy Philippines (ACEN) said it expects to achieve half of its 5,000megawatt (MW) target renewable energy (RE) capacity by next year.
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 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 […]