Home Tags AC Energy

Tag: AC Energy

Ayalas’ AC Energy pulls out of Australian firm Infigen

AN affiliate of Ayala Corp. sold its material stake in an Australian energy firm, which might be delisted from the stock market soon.

AC Energy to build solar farms worth P6B

AYALA-LED AC Energy Philippines, Inc. (ACEN) is investing in more renewable energy projects in the country as it sets to build two solar farms with a combined capacity of 150 megawatts (MW) in Central Luzon.

AC Energy, Marubeni’s Axia team up for Rizal diesel-fired power plant

AYALA-LED AC Energy Philippines, Inc. (ACEPH) is set to partner with the Philippine energy unit of Japan-based Marubeni Corp. to build a diesel-fired plant in Rizal.

AC Energy builds largest wind farm in Vietnam at 210MW

AYALA-LED AC Energy, Inc. is building what is touted to be the largest wind farm in Vietnam, raising its overall renewables capacity to 1,200 megawatts (MW).

Ayala’s AC Energy files rehab plan for Iloilo oil spill-hit areas

AYALA-LED AC Energy, Inc. over the weekend submitted its environmental management plan to the Department of Environment and Natural Resources (DENR), listing its actions in addressing the impact of the oil spill that happened in Iloilo City earlier in the month.

AC Energy probes Iloilo City power barge blast

AYALA-LED AC Energy, Inc. (AC Energy) said an investigation is now being conducted seeking the cause of the explosion of its power barge in Iloilo City that caused an oil spill last Friday.

AC Energy increases green bonds offering to reach $470 million

AYALA-LED AC Energy, Inc. (AC Energy) upsized its senior green bonds offering under its $1-billion medium-term note program by $60 million, expecting it to boost its clean energy investments amid a grueling business environment.

Ayala joint venture enters bidding war for Infigen

AN AFFILIATE of Ayala-led AC Energy, Inc. and Spanish distribution utility Iberdrola, S.A. are now in a bidding war to take over an Australian energy company after both firms have raised their offer prices.

AC Energy plans new solar farm in Australia

A JOINT venture of Ayala-led AC Energy, Inc. in Australia is set to build a 720-megawatt (MW) renewable facility after securing a connection deal with the New South Wales’ (NSW) transmission network TransGrid.

AC Energy affiliate raises stake in Australian firm

AN affiliate company of AC Energy, Inc. has raised its stake in an Australia-listed energy firm, which it is planning to take over.

AC Energy to build wind farms in Vietnam

AYALA-LED AC Energy, Inc. is building two wind energy projects in Vietnam with Hong Kong-based UPC Renewables Group.

AC Energy group puts up A$777-million bid for Australian renewable company

A COMPANY controlled by AC Energy, Inc. has offered A$777 million to take over an Australia-listed renewable energy firm in a deal that could further boost the Ayala group’s clean energy capacity.

ThomasLloyd buys P3-B shares in AC Energy solar farm

THE Asian unit of global investment firm ThomasLloyd Group has bought P2.78 billion shares of a subsidiary owned by Ayala-led AC Energy Philippines, Inc.

AC Energy unit turns profitable as power sales jump

THE Philippine unit of Ayala-led AC Energy, Inc. saw its attributable income in the first quarter went up to P306.94 million, compared to a loss of P145.27 million in the same quarter in 2019, on the back of after-tax income growth with a spike in electricity sales revenue.

Ayala-led AC Energy raises P64 million for COVID-19 response

AYALA’S energy arm on Wednesday said it had raised over P64 million to provide assistance to health workers, as well as communities and its own employees who were affected by the global coronavirus disease 2019 (COVID-19) pandemic.

ACEPH to issue shares to parent

AC ENERGY Philippines, Inc. (ACEPH) is injecting P16.69-billion primary shares to its parent company, which will own 85% of the former, in part of their deal to merge both of the Ayala-led energy unit’s local and overseas renewables entities.

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...