Source: Philstar 13 August 2020 – MANILA, Philippines — AC Energy Philippines Inc. reported a P2 billion net profit in the first semester of the year, a turnaround from a net loss last year, as it completed its restructuring program after it acquired Phinma Energy Corp. In a disclosure to the Philippine Stock Exchange yesterday,…
AC Energy Philippines (ACEPH) registered a Php 1.96 billion net income in the first half of the 2020, a significant turnaround from a Php 552 million loss in the same period the prior year. The strong performance was mainly driven by the successful infusion of AC Energy, Inc.’s on-shore assets and recent acquisitions. Last June…
Ayala Corporation’s power generation arm, AC Energy, continues to reap global recognition as it bags the coveted “Green Project of the Year” award for its US$410 million maiden Green Bonds at the recently concluded The Asset Triple A Infrastructure Awards 2020 (ASEAN), which honors key institutions that have contributed to region’s economic growth and development….
Source: BusinessWorld 20 July 2020 – AN AFFILIATE company of Ayala Corp.’s energy arm now owns a material interest in an Australian power firm, which it initially aims to fully take over. UAC Energy Holdings said it received 20% shareholding interests in Infigen Energy Ltd. from the share purchases of its A$0.86-per-share bid, as of…
Source: Inquirer.net 29 July 2020 – AC Energy Philippines Inc. (ACEPH) is infusing as much as P2.2 billion into two of its subsidiaries, Bataan Solar Energy Inc. and Giga Ace 4 Inc., in line with efforts to push renewable energy initiatives. Through this latest move, the Ayala group’s platform for the energy business is following…
Source: Manila Standard 26 July 2020 – Ingrid Power Holdings Inc., a unit of AC Energy Inc., is seeking an approval from the Energy Regulatory Commission to develop P566-million worth of dedicated point-to-point limited facilities to connect its 300-megawatt diesel power plant in Rizal province to the 230-kilovolt Malaya substation of National Grid Corp. of…
Source: PhilStar 21 July 2020 – MANILA, Philippines — AC Energy Inc., the power unit of Ayala Corp., continues to expand overseas with its latest venture in India. AC Energy said it is developing the 140-megawatt Sitara solar plant in India under UPC-AC Energy Solar, its 50-50 joint venture with UPC Solar Asia Pacific. UPC-AC…
Source: Manila Times 18 July 2020 – AC Energy Inc. is on a roll in expanding its renewable footprint as the Ayala Group’s power generation arm is constructing a wind farm in Vietnam with local partner AMI Renewables Energy Joint Stock Co. In a statement on Thursday, AC Energy said the Quang Binh Wind Farm,…
Source: Philstar 3 July 2020 – MANILA, Philippines — AC Energy Inc. has topped up its senior green bonds with a fresh issuance of $60 million via private placement to fund renewable energy expansion in the region. The bonds have a term of five years due 2024. This brought the total green bond issuance to…
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