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 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 enters Myanmar RE market
AC Energy Inc. has formalized its entry inti Myanmar’s renewable energy (RE) market by forging ties with a Singapore-based company. In a disclosure on Monday, Ayala Corp. said Yoma Strategic Holdings Ltd. (Yoma Strategic) will form a strategic partnership with its power arm AC Energy. “Yoma Strategic and AC Energy are looking to establish a […]
AC Energy eyes 2,000-MW RE projects in Asean region
AC Energy Inc. and The Blue Circle Pte. Ltd. (TBC) are committed to jointly build renewable-energy projects with around 2,000 megawatts of capacity across Southeast Asia, including 700 MW of RE projects in Vietnam. Both recently signed a shareholders’ agreement to jointly construct, own and operate the Mui Ne Wind Farm located at the Binh […]
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 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 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 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 […]