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...
Given the worsening civil strife tearing down Myanmar, Ayala-led firm AC Energy Corporation indicated that it is temporarily slowing down on its renewable energy ventures in that country. “Regarding Myanmar, we will have to wait until the situation stabilizes before we can expand,” AC Energy...
Ayala-led firm AC Energy Corporation (ACEN) has completed its P13 billion follow-on offering (FOO) at the local bourse, which it described to have been “warmly received by both Philippine and international investors.” The FOO is part of the five-step corporate restructuring of the Ayala energy...
Singaporean wealth fund GIC Private Ltd, through its affiliate Arran Investment Pte. Ltd., has completed its subscription of 4.0 billion primary shares in Ayala-led AC Energy Corporation (ACEN), which then built up the latter’s cash hoard by additional P11.88 billion. “The private placement...
Ayala-led AC Energy Corporation (ACEN) will be completing its series of P30 billion worth of equity-based fund raising activity by concretizing the third leg via a follow-on offering (FOO) this year. In a briefing with reporters, AC Energy President and CEO Eric T. Francia noted that the P30...
The board of directors of Ayala-led AC Energy Corporation (ACEN) has greenlighted the joint venture deal that the conglomerate’s energy investment arm will be cementing with Solar Philippines Power Project Holdings Inc. (SP) of millennial-businessman Leandro L. Leviste. In a disclosure to the...
