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 infuses P350M to land unit
AC Energy Philippines Inc. (Acen) is infusing P350 million into its subsidiary Buendia Christiana Holdings Corp. (BCHC) to support the latter’s acquisition of land that will be used in Acen’s potential projects.Acen said in a disclosure it signed an agreement with BCHC for the subscription of 3.5 million preferred shares in BCHC at P100 apiece. […]
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 investing $20 million for RE projects in Asia-Pacific
THE power unit of conglomerate Ayala Corp. is investing $20 million to partly finance the development, construction and operations of renewable-energy (RE) power projects in the Asia-Pacific (AsPac) region, with a goal of building a portfolio of over 1 gigawatt in the next few years. AC Energy, through AC Renewables International Pte. Ltd., will undertake these […]
AC Energy invests P570 million in 300 MW diesel power plant in Rizal
MANILA, Philippines — AC Energy Philippines Inc. (ACEP) has invested P570 million in a 300-megawatt (MW) diesel power plant in Rizal. In a disclosure to the Philippine Stock Exchange yesterday, ACEP said it signed a subscription agreement with Ingrid Power Holdings Inc. Under the agreement, ACEP subscribed to 50,000 Ingrid common shares worth P4.9 million […]
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 issues $300M in green bonds
Ayala-led AC Energy issued US dollar-denominated senior perpetual fixed-for-life (non-deferrable) green bonds worth $300 million (Php14.3 billion) last November 27.