Listed firm AC Energy Corporation (ACEN) is committing ‘early retirement’ of its remaining coal-fired power plant in line with the Ayala group’s overall ‘net zero’ target through year 2050. The Ayala firm said its management will employ ‘energy transition mechanism’ (ETM) “for the...
The 88-megawatt Ninh Thuan joint venture wind project of AC Energy Corporation of the Ayala Group and Vietnamese partner BIM Group has reached commercial operations, the Filipino energy firm has announced. With that wind farm venture, AC Energy specified that its renewable energy capacity in...
Ayala-led AC Energy Corporation (ACEN) has built up its fresh capital flow to US$1.0 billion, after raising US$400 million new proceeds from its green bonds offering. ACEN Logo The company said it will use the proceeds of its latest capital raising activity to finance its new renewable energy (RE)...
Ayala-led AC Energy Corporation (ACEN) is eyeing to fetch $400 million in gross proceeds from its issuance of senior guaranteed undated green bonds with non-callable 3.5-year fixed-for-life or non-deferrable term. ACEN Logo In a media statement, the Ayala firm emphasized that the green bonds had...
Ayala-led AC Energy Corporation (ACEN) is eyeing to cement a partnership with German firm ib vogt for the installation of at least 300 megawatts (MWdc) of solar power projects in the country. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala energy company specified that the...
The board of Ayala-led AC Energy Corporation (ACEN) has given the green light for it to enter into a joint venture (JV) deal with Asian firm NEFIN Holding Ltd. for targeted solar rooftop ventures. 25061 The business tie-up arrangement, according to ACEN, will be sealed between its subsidiary AC...
Ayala-led firm AC Energy Corporation (ACEN) is injecting more than P12 billion worth of funding to ongoing as well as programmed renewable energy (RE) projects in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala energy company indicated that it will be funneling...
The net income of Ayala-led firm AC Energy Corporation (ACEN) posted a modest 5.0-percent growth to P2.7 billion in the first half of the year, inclusive of earnings from international operations – and that’s coming from a leaner P2.6 billion in the same period last year. Consolidated revenues...
The joint venture of AC Energy Corporation (ACEN) of the Ayala group and Citicore Power Inc., which is affiliated with the Megawide group, will be funneling P2.7 billion worth of investment for a solar farm facility that shall be developed at a site in Arayat-Mexico towns in Pampanga. According to...
Following the commercial operations of its newly completed 120-megawatt Alaminos solar farm project, Ayala-led AC Energy Corporation indicated that it is targeting to double its solar capacity this year to 552MW. The company’s solar portfolio currently stands at 276MW – and the newest to beef...
Ayala-led AC Energy Corporation (ACEN) will be paying P419.075 for the shares subscription it sealed with subsidiary firm Buendia Christiana Holdings Corporation (BCHC), a special purpose company engaged in the acquisition of potential project sites. In a disclosure to the Philippine Stock Exchange...
At least five power plants in various parts of the country had logged more than 100 days of forced outages, a duration even longer than a ‘honeymoon period’ being accorded by Filipino citizens to a new President of the Philippines. The five plants identified by the Energy Regulatory Commission...
