18 March 2020 – AC Energy Corporation (PSE: ACEN) today announced the completion of the subscription by an affiliate of GIC Private Limited (“GIC”), Arran Investment Pte Ltd, to four billion primary shares of ACEN, via a private placement. The private placement enables ACEN to raise additional capital totaling PHP11.88 billion to fund its various…
Source: Renewables Now March 15, 2021 – Philippine-based firm AC Energy Inc and its partner UPC Solar Asia Pacific have achieved financial close on a 100-MW/140-MWp solar project in India’s Rajasthan state. The Sitara photovoltaic (PV) scheme will require an overall investment of USD 67 million (EUR 56.2m). AC Energy, which is backed by Philippine…
Reached financial close for its 100 MW Sitara Solar Farm in India Stronger presence in India bringing a total of 450 MW of solar projects under construction and in the pipeline with partner UPC Renewables Amidst the current crisis, AC Energy remains committed to sustainable investing by driving renewables expansion in the region, helping reignite…
FY2020 net income of Php 3.75 billion Increased attributable capacity to 990 MW in operation and under construction Strong push toward sustainability and have aligned the organization towards meeting the 5GW renewable energy target by 2025 AC Energy Corporation (PSE: ACEN) posted its consolidated net income attributable to equity holders amounting to Php 3.75 billion…
Source: BusinessWorld 11 March 2021 – AN AFFILIATE of Singapore firm GIC Pte. Ltd. will be investing P11.88 billion in AC Energy Corp. (ACEN) for a 17.5% ownership stake in the local firm, the Ayala-led company said in a regulatory filing on Wednesday. ACEN said that Arran Investment Pte. Ltd. would be subscribing to four…
26 February 2021 – To help protect the Calatagan coastline in Batangas, South Luzon Thermal Energy Corporation (SLTEC) has collaborated with the Department of Environment and Natural Resources (DENR) to support and monitor the growth of a 10-hectare mangrove plantation in the province. The mangrove adoption underpins the National Greening Program of the DENR that…
Source: PhilStar 23 February 2021 – MANILA, Philippines — The AC Energy group has acquired a 50 percent stake in a 50-megawatt (MW) solar farm in Pampanga being developed by Citicore Solar Energy Corp. (CSEC) In a disclosure to the Philippine Stock Exchange yesterday, AC Energy Corp. (ACEN) said the company and its subsidiary ACE…
Completion of entry into the Australian market with partner UPC Renewables, An important milestone in delivery of 5GW of renewables capacity by 2025, aiming to be the largest listed renewables platform in Southeast Asia Reached financial close for the first 400MW out of 720MW Solar and 400MWhr Battery combined. A major contribution to AC Energy’s…
Source: BusinessWorld 31 January 2021 – AC Energy Corp. concluded its stock rights offering with the listing of 2.2 billion common shares at the Philippine Stock Exchange (PSE) on Friday, raising around P5.37 billion to fund at least six renewable energy projects. “I am pleased that PSE is able to support this undertaking as funds…
Source: Philippine Daily Inquirer 17 January 2021 – The Ayala group’s power generation arm wants the Securities and Exchange Commission’s go-ahead to again jack up its authorized capital stock, this time almost double, fresh from having secured the green light to again change its name. AC Energy Philippines Corp. (ACEN)—named Phinma Energy Corp. until acquired…
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