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 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 […]
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 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 focus on existing expansion projects in Vietnam, Australia
MANILA, Philippines — AC Energy Inc., the energy platform of the Ayala conglomerate, is focusing on its over 700-megawatts (MW) renewable energy developments in Vietnam and Australia before finding its fifth market for its regional expansion. The Ayala firm has recently bought a 25 percent stake in The Blue Circle Pte. Ltd. (TBC), a Singapore-based […]
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 put up 170-megawatt wind power project in Vietnam
MANILA, Philippines — AC Energy Inc., the energy platform of Ayala Corp., expands its renewable energy footprint in Vietnam with the construction of a 170-megawatt (MW) wind project with its partner. In a disclosure to the Philippine Stock Exchange yesterday, AC Energy said it signed a shareholders’ agreement with The Blue Circle to jointly construct, […]
AC Energy to start Vietnam wind projects in 2020
AC Energy, Inc. expects to break ground early next year on several wind projects in Vietnam with its three existing partners in the regional neighbor in time for the feed-in tariff deadline in November 2021, its top official said. “It could be as big as 250-300 megawatts (MW), it could be as small as 30 […]