AC Energy and UPC Renewables begin construction of the 160 MW Balaoi & Caunayan wind farm in Pagudpud, Ilocos Norte The Balaoi & Caunayan wind farm will be the largest in the country, with 32 of the latest wind turbines from leading supplier Siemens Gamesa each capable of producing 5 MW An important milestone for…
14 May 2021 – AC Energy Corporation (PSE: ACEN) has completed its follow-on offering, in a ₱13 billion deal that was warmly received by both Philippine and international investors. ACEN completed the offering of 2,010 million common shares priced at ₱6.50 per share, consisting of 1,580 million shares sold pursuant to the primary offer, 330…
Exactly ten years ago today, we established the AC Energy brand and organization, with the hope of addressing the country’s energy needs and building a new pillar for the Ayala group. We set out what was then a bold vision of establishing an energy platform with 1000MW of capacity in five years, from a standing…
63 MW Palauig solar plant operations begin 72 MW Arayat & Mexico solar plant’s construction is underway Despite the difficult year, AC Energy remained focused on its renewable energy investments creating 3,000 jobs in 2020 28 April 2021 – AC Energy Corporation (PSE:ACEN) announced that its 63 MW GigaSol Palauig solar farm has now commenced…
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…
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…
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…
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…
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…
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