A major milestone for the Australian energy sector has been achieved today with the appointment of a lead EPC contractor for the commencement of the first stage of the 720MW (AC) New England Solar Farm and battery project. The New England Solar Farm is being developed by leading renewable energy developer UPC\AC Renewables Australia across…
AC Energy, Ayala Corporation’s power generation arm, and partner AMI Renewables, recently held a groundbreaking ceremony to celebrate the start of construction of the landmark 210 MW wind facility in Quang Binh, a province in Vietnam with a huge potential in renewable energy. The wind farm is expected to be fully operational by the third…
Ayala Corporation’s power arm, AC Energy, has started to integrate a circular approach in its renewable energy developments to help reduce the environmental impact in its construction sites and its host communities. In Zambales and Laguna, AC Energy is constructing two solar power plants, the 120 MW Alaminos and 60 MW Palauig plants, with the installation of…
Source: Power Techonology 14 September 2020 – Solar photovoltaic products manufacturer Risen Energy has announced a structured 140MW supply contract with UPC-AC Energy Solar Asia. Under the multi-party deal, Risen will supply its Mono PERC modules until early next year. UPC Renewables and AC Energy formed UPC-AC as a joint venture. It has sold more…
Source: BusinessWorld 27 August 2020 – In the energy sector, there is an apparent balance to be met between addressing energy security and tapping further renewable energy (RE) resources. This was recently expressed by Department of Energy (DoE) Secretary Alfonso G. Cusi in reaffirming his commitment to the full implementation of the Renewable Energy Act….
Source: Manila Bulletin 27 August 2020 – Ayala-owned firm AC Energy Inc. and its partner UPC Renewables had engaged Spanish firm Elecnor S.A. to be the engineering, procurement and construction (EPC) contractor of their 720-megawatt (ac) New England solar farm project, which is touted to be Australia’s biggest hybrid solar-battery energy installation. In a statement to…
Source: BusinessWorld 27 August 2020 – Strong government support, enabling policies, technology improvements, and abundant resources make investing in renewable energy an attractive prospect in the Philippines. For AC Energy, Ayala Corporation’s power generation arm, the Philippines remains to be a core market, and the company reinforces its strong commitment to invest in much needed…
Source: Daily Guardian – 25 August 2020
18 August 2020 – AC Energy Philippines (PSE: ACEN) is set to develop two new solar plants in Central Luzon with an aggregate capacity of up to 150 MW. This will bring ACEN’s total Philippine projects under construction to 480 MW, which includes 330 MW of solar and 150 MW of peaking diesel plants. The…
Source: Manila Bulletin 16 August 2020 – The Ayala group recently scored two “firsts” in the history of the Philippine capital market with the listing of AREIT, Inc., in the Philippine Stock Exchange on August 13 and the BPI CARE Bonds on August 7 at the Philippine Dealing Exchange (PDEX.) The P12.3-billion initial public officering…
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