News

AC Energy President Eric Francia said the company’s 2016 income was “a little over 10 percent” in terms of contribution to parent firm Ayala Corp. In 2015 he said AC Energy incurred a net income of P2.1 billion. Read full article

“THE Ayala group is programming capital expenditure (capex) about P160 billion to P180 billion for this year in a bid to expand its power, infrastructure, industrial or manufacturing, healthcare, and education businesses.” Read full article

“Ayala has been actively scouting for business opportunities in “attractive” markets in Southeast Asia, especially in Indonesia. Earlier this month, AC announced its power arm AC Energy Holdings Inc. struck a deal with UPC Renewables Indonesia Ltd. to develop, construct, and operate a 75-megawatt (MW) wind farm project in Sidrap, South Sulawesi, Indonesia.” Read full…

After bagging Chevron’s geothermal assets and wind projects in Indonesia, AC Energy Holdings Inc. is scaling up its renewable energy portfolio through acquisitions and greenfield projects in the country to meet its 2,000-megawatt (MW) target capacity by 2020. Read full article

A UNIT of Ayala Corp. has closed a deal to secure additional funding to build the fourth unit of its 540-megawatt (MW) coal-fired power plant in Mindanao, the holding company told the stock exchange on Monday. In a disclosure, Ayala Corp. said its wholly owned subsidiary AC Energy Holdings, Inc. had achieved financial closure for…

About 293 hectares within the 625-hectare site of Ayala’s wind farm in Pagudpud, Ilocos Norte, will once more grow into lush protected land. This is expected as AC Energy Holdings’ wind unit, North Luzon Renewables, enters the third year of its reforestation program in Barangay Caparispisan this year. “Maintaining and protecting the lush flora of…

AYALA CORP. is beefing up its war chest this year to support the growth of its core and new businesses after net profit in 2015 breached the P20-billion mark a year ahead of target, as its diversification to power generation started to bear fruit. The Philippines’ oldest conglomerate is setting aside P174 billion in combined…

AYALA CORP. (AC) and its partner commenced the operation of the initial phase of a solar power project that expanded the energy portfolio of the Philippines’ oldest conglomerate beyond wind and coal. Ayala, through AC Energy Holdings, Inc., and Bronzeoak Clean Energy, Inc. completed their 18­megawatt (MW) solar power farm last month, the former told…