Ayala-led ACEN Corporation is acquiring P2.0 billion-worth of additional shares in its subsidiary Buendia Christiana Holdings Corporation (BCHC), which is into landbanking for sites that it will be utilizing for renewable energy projects. In a disclosure to the Philippine Stock Exchange (PSE), ACEN...
Ayala-led ACEN Corporation will be increasing its stake by more than 13 percent in subsidiary ACE Enexor Inc. (ACEX) with the transfer of at least five assets of the former that had been valued at P3.39 billion. In the deed of assignment inked by the parties, ACEN effectively transferred its rights...
Ayala-led ACEN Corporation has inked a $165 million deal with Thai firm Super Energy Corporation Public Company Ltd. (SUPER) for joint development and ownership of solar projects in Vietnam and expansion targets in the ASEAN region. ACEN’s wholly-owned subsidiary AC Energy Vietnam Investments...
AC Energy Solar, a subsidiary of Ayala-led ACEN Corporation, and its foreign partner UPC Renewables will be constructing the proposed 420-megawatt peak (or 320MWac) Masaya solar farm project in Khandwa district in the state of Madhya Pradesh, India that will command an investment of $220 million....
Razon-led Prime Strategic Holdings Inc., via its subsidiary MORE Power Barge Inc. (MPBI), had paid P126 million in cash to ACEN Corporation of the Ayala group for the acquisition of the latter’s 32-megawatt Power Barge 101 in Iloilo. According to the Ayala energy firm, the payment was turned over...
Ayala-led ACEN Corporation is fast tracking the completion of its 60-megawatt Lac Hoa and Hoa Dong wind farm project in Vietnam with targeted commercial operation in the first quarter of this year. According to the Ayala firm, the project is its partnership with UPC Renewables “and will feature...
ACE Enexor Inc. (ACEX), the oil and gas unit of the Ayala group, has inked a deed of assignment with parent firm ACEN Corporation for the former’s issuance of shares of stocks to effect the transfer of the latter’s thermal assets to the subsidiary. The equity shares and facilities to be...
Ayala energy firm ACEN Corporation has inked subscription agreements for P14-billion worth of shares purchase in two subsidiaries to bankroll the development of its greenfield solar and wind projects in Luzon. For the solar venture, ACEN signed a subscription deal with its subsidiary Santa Cruz...
Ayala-led ACEN Corporation has sold its Power Barge 101 facility in Iloilo to MORE Power Barge Inc., a power generation firm of businessman Enrique Razon. The Ayala energy firm disclosed at the Philippine Stock Exchange (PSE) on Wednesday, Dec. 22, that it signed an asset purchase agreement with...
Ayala energy firm ACEN Corporation has secured the nod of its stockholders for the issuance of 1.4 billion primary shares to its partners in UPC Renewables and the founders of Northwind Power Development Corporation, hiking the company’s public float to 18.73 percent from 15.9 percent. During the...
Ayala-led AC Energy Corporation (ACEN) and its Singaporean partner The Blue Circle have completed another power project in Vietnam via their 40 megawatt (MW) Mui Ne wind farm venture in Binh Thuan province. The facility is equipped with at least eight turbines with a unit capacity of five megawatts...
The 252-megawatt Quang Binh wind farm project of Ayala-led AC Energy Corporation (ACEN) and its partner AMI Renewables has been completed and set on commercial operation ahead of schedule, so it can avail of the feed-in-tariff (FIT) incentives being offered by the Vietnamese government. That newly...
