AC Energy Singapore GIC Private 20B investment

Update on GIC Private Limited’s Php 20bn Investment in AC Energy Philippines

5 January 2021 – On 30 December 2020, AC Energy Philippines (PSE: ACEN) and its parent company, AC Energy and Infrastructure Corporation (“AC Energy”; formerly, AC Energy, Inc.), signed an Investment Agreement with Arran Investment Pte Ltd, an affiliate of GIC Private Limited (“GIC”), for GIC’s acquisition of an effective 17.5% ownership stake in ACEN…

AC Energy posts profit

AC Energy posts strong Q3 earnings, Ayala group on turnaround from Q2

AC Energy registered solid earnings notwithstanding the pandemic with a net income of ₱5.6 billion for the first nine months of 2020, providing a boost to Ayala’s portfolio.   The company’s equity earnings more than doubled due to additional operating capacity in Vietnam, higher profits from commercial operations, and improved thermal availability, including pre-operating revenues…

AC Energy PEMC WCO

AC Energy recognized for high compliance

Source: PhilStar 8 December 2020 – MANILA, Philippines — AC Energy, the power generation arm of Ayala Corp., bagged multiple accolades for exemplary compliance of its renewable energy projects at the recently concluded Wholesale Electricity Spot Market (WESM) Compliance Officers (WCO) Summit 2020. AC Energy’s solar farms in Negros namely, Monte Solar Energy Inc. (Montesol),…

AC Energy ASEAN green finance leadership

Philippines cited for ASEAN green-finance leadership

Source: BusinessWorld 27 November 2020 – The Philippines was cited as a regional leader in sustainable finance thanks to the combined efforts of the government, banks, and businesses, according to a report issued by the international non-profit Climate Bonds Initiative (CBI). “The Philippines is a leader in green finance in ASEAN. (It) has been increasingly…

Ayala Group to boost renewable portfolio to 2500 MW by 2021

Ayala Group to boost renewable portfolio to 2,500 MW by 2021

Source: Manila Standard 19 November 2020 – The Ayala Group plans to scale up its renewable energy portfolio to 2,500 megawatts next year as it positions AC Energy Philippines Inc. to become the largest listed renewables platform in Southeast Asia.“We are really building up AC Energy Philippines or ACEN, the listed company. ACEN will be…

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