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AC Energy begins P1-billion share repurchase

AYALA-LED AC Energy Philippines, Inc. (ACEPH) is repurchasing up to P1 billion of its shares in the open market since March 24.

AC Energy, partner to use GE wind turbines in Vietnam

AC Energy, Inc. and its partner The Blue Circle Pte. Ltd. have ordered eight of the new 5 megawatt (MW) wind turbines from a unit of General Electric Co. (GE) to power the second phase of the firms’ $80-million wind farm in Vietnam.

AC Energy completes stake purchase of Negros solar farms

AYALA-LED AC Energy Philippines, Inc. (ACEPH) on Tuesday announced that it has finished its purchase of controlling stakes in two Negros Occidental solar farms within its target date.

AC Energy merges local and overseas entities

AYALA-LED AC Energy, Inc. is transferring its stake in renewable energy projects abroad to its Philippine-listed unit in exchange for more shares in the latter.

AC Energy attributable capacity exceeds 1.8 GW

AYALA-LED AC Energy, Inc. said on Monday that its “attributable” capacity in both operating and under-construction power plant projects had jumped past 1.8 gigawatts (GW) in 2019, reaching more than a third of its target in the next five years.

Ayala unit funds acquisition of Ilocos Norte wind farm

AC Energy Philippines, Inc. is subscribing to the shares of Giga Ace 1, Inc. to allow the subsidiary to fund its acquisition of the ownership interest of an equity fund in a wind farm in Ilocos Norte.

Antitrust watchdog clears Ayala acquisition of group behind Pagudpud wind farm

AYALA-LED AC Energy Philippines, Inc. said on Wednesday that it had received the decision of the antitrust watchdog clearing its acquisition of the shares of a company with an energy project in Ilocos Norte.

Ayala energy arm investing P1.86B in Laguna solar farm

AC Energy Philippines, Inc. is investing up to P1.86 billion in a company that is developing a 120-megawatt (MW) solar farm in Laguna, the Ayalas’ energy arm in the country told the stock exchange on Tuesday.

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.

AC Energy raises $400 million from perpetual green bond issue

AYALA-LED AC Energy, Inc. has valued its senior perpetual fixed-for-life green bond issuance at $400 million with a fixed coupon of 5.65% with no step-up and no reset, its listed unit said on Wednesday.

AC Energy appoints joint lead managers for green notes

AC Energy, Inc. has named the financial institutions that will be involved in its proposed three-year green notes offering, which is subject to market conditions, its parent company Ayala Corp. said on Monday.

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.

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.

ACEI backdoor listing formalized

THE AYALAS’ backdoor listing of their energy investments in the Philippines has been formalized on Monday after the issuance of new shares of stock in Phinma Energy Corp. in exchange for shares in the energy entities of AC Energy, Inc. (ACEI).

AC Energy, UPC form renewable energy venture

AYALA-LED AC Energy, Inc. said on Monday that it had formed a joint venture company with UPC Renewables to build more than 1 gigawatt (GW) of capacity from renewable energy sources.

AC Energy, partner to start building Vietnam wind farm

AC Energy, Inc. has signed a shareholders’ agreement with its Vietnamese partner in wind energy development, initially committing to build 40 megawatts (MW) at a cost of around $92 million for completion in the first half of 2020 its parent firm said on Monday.

AC Energy targeting to launch Phinma tender offer within Q2

AC ENERGY, Inc. targets to launch in the next two months the mandatory tender offer to the minority shareholders of Phinma Energy Corp. to complete its acquisition of the company, its top official said.

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.

Coal-fired plant classified ‘of national significance’

GNPOWER KAUSWAGAN Ltd. Co. has secured approval from the Energy department for its application to be certified as an energy project of national significance, making it the biggest Mindanao-based coal-fired power plant to enjoy the benefits of an executive order that assures a faster approval process.

Ayala unit expects to sign Phinma Energy deal soon

AC Energy, Inc. expects to sign in a few days the definitive agreement to acquire the majority stake in Phinma Energy Corp. to move the deal forward for approval by the antitrust watchdog ahead of the “specific strategies” for the acquired assets, including a stalled liquefied natural gas (LNG) import terminal, its top official said.

ADB, IFC invest in Ayala energy unit’s green bonds

AC Energy, Inc. has attracted two of the world’s biggest development lenders International Finance Corp. (IFC) and the Asian Development Bank (ADB) to the Ayala-led company’s multi-million dollar green bond offering that will fund regional renewable energy projects, company officials said.

Ayala acquires Phinma Energy

AC ENERGY, Inc. is taking control of Phinma Energy Corp. through a “mutually strategic agreement” that gives the Ayala-led company a 51.48% stake in the listed energy firm for P3.42 billion.

AC Energy says close to reaching balanced mix of renewables, geothermal

AC ENERGY, Inc. is close to reaching an equal share of renewables and thermal energy capacity in its portfolio among its operating plants as of 2018, its top official said.

Ayala invests in renewable energy firm

AC ENERGY, Inc. through its international unit has invested in Singapore-based renewable energy company The Blue Circle Pte. Ltd. through a 25% ownership acquisition as well as co-investment rights in the latter’s projects.

AC Energy inks $83-million EPC contract for development of solar farms...

AC ENERGY, Inc., along with its Vietnamese partner, has signed construction and financing contracts for the development of solar plants in Vietnam valued at an estimated $83 million, the Ayala-led company said during the weekend.

AC Energy inks construction, financing deals to expand solar farm in...

AC ENERGY, Inc. and its Vietnamese partner have signed construction and financing deals to expand the capacity of their solar farm in Vietnam’s Ninh Thuan province to make it the biggest in Southeast Asia, its parent firm told the stock exchange on Monday.

AC Energy signs deal to build solar power plants in Vietnam...

AC Energy, Inc. and its Vietnamese partner have signed an engineering, procurement, and construction (EPC) contract and a financing deal to develop of solar...

Foreign projects seen to raise AC Energy’s capacity

AYALA-LED AC Energy, Inc. expects 70% of its target 1,000-megawatt (MW) installed renewable energy capacity by 2020 to come from its foreign projects, including its investments in Vietnam, Indonesia and Australia, its top official said.

Ayala enters Australian renewables market

AC ENERGY Holdings, Inc. is making its foray into Australia, as it announced on Wednesday its acquisition of a 50% stake in the Australian...

AC Energy moves to buy 50% stake in UPC Renewables Australia

AC Energy Holdings, Inc. is investing $230 million to acquire a 50% stake in the Australian business of UPC Renewables and provide funding for...