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Singapore firm to take 17.5% of Ayala energy arm

ARRAN Investment Pte. Ltd., an affiliate of Singapore-based GIC Pte. Ltd., is set to acquire an ownership stake of 17.5% in AC Energy Philippines, Inc. for P20 billion, Ayala Corp. (AC) said on Monday.

Capital infusion and market sentiment lift AC Energy stock

AYALA-LED AC Energy Philippines, Inc. ended the year on a high note amid the sustained positive investor sentiments and following the company’s infusion of capital in its subsidiary to acquire potential project sites.

Ayala energy arm infuses P350M into subsidiary for site acquisition

AYALA-led AC Energy Philippines, Inc. has subscribed to the shares of Buendia Christiana Holdings, Corp. (BCHC) worth P350 million, which the subsidiary will use to acquire potential project sites.

AC Energy approves nearly P11B in funding for solar, wind projects

AYALA-led AC Energy Philippines, Inc. (ACEN) has approved a total of P10.81 billion in funding for a solar energy project and a wind farm, the firm told the local bourse on Thursday.

Ayala energy unit says 2.27-B offer shares exempt from SEC registration

AC Energy Philippines, Inc. said on Friday that it had received confirmation from the securities regulator that the Ayala Corp. unit’s proposed stock rights offering is exempt from the registration requirement of the securities code.

Investing in renewable energy limits financial risks — AC Energy’s Francia

FINANCIERS of renewables are able to limit their financial risks, because they can invest in smaller amounts on those projects, the head of one of the fastest growing Philippine energy companies said on Monday.

AC Energy readies sale of stake in Bataan and Mindanao power...

AYALA-LED AC Energy, Inc. plans to sell its investments in coal-fired power plant projects in Bataan and Lanao del Norte in line with its goal to generate more than half of its energy output from renewables by 2025.

Ayala energy arm embarks on $2-B transformation

AYALA-LED AC Energy Philippines, Inc. will need up to $2 billion to exceed its 2025 target 5-gigawatt of installed energy capacity, which will also see the completion of its corporate transformation and restructuring, its top official said on Thursday.

Ayala energy arm sets tender offer, new notes offering

AC ENERGY, Inc. has called on investors on Wednesday to tap into the Ayala-led company’s senior green bonds under its recently upsized $2-billion medium-term note program.

AC Energy eyes Singapore firm’s P20-B investment

THE board of AC Energy Philippines, Inc. has approved the proposal of Singapore-based GIC Private Limited’s affilate Arran Investment Pte Ltd. to invest around P20 billion in the Ayala-led company for a 17.5% ownership stake, it disclosed on Thursday.

AC Energy, partner to build $36-M solar farm in India

AYALA-LED AC Energy, Inc. and its partner are expanding their network in India with another solar farm in the pipeline.

Ayala group picks Spanish firm for Australia solar farm

AYALA-LED AC Energy, Inc. and its partner in Australia have tapped a Spanish-listed contractor to build their large-scale renewables project.

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.