Source: PhilStar 20 April 2021 – MANILA, Philippines — AC Energy Corp. (ACEN) is setting its sights on solar and wind projects, coupled with battery storage, to scale up its renewable energy (RE) portfolio. During the company’s annual stockholders’ meeting yesterday, ACEN president and CEO Eric Francia said the company is prepared to invest heavily…
Source: Renewables Now March 15, 2021 – Philippine-based firm AC Energy Inc and its partner UPC Solar Asia Pacific have achieved financial close on a 100-MW/140-MWp solar project in India’s Rajasthan state. The Sitara photovoltaic (PV) scheme will require an overall investment of USD 67 million (EUR 56.2m). AC Energy, which is backed by Philippine…
Source: BusinessWorld 11 March 2021 – AN AFFILIATE of Singapore firm GIC Pte. Ltd. will be investing P11.88 billion in AC Energy Corp. (ACEN) for a 17.5% ownership stake in the local firm, the Ayala-led company said in a regulatory filing on Wednesday. ACEN said that Arran Investment Pte. Ltd. would be subscribing to four…
Source: PhilStar 23 February 2021 – MANILA, Philippines — The AC Energy group has acquired a 50 percent stake in a 50-megawatt (MW) solar farm in Pampanga being developed by Citicore Solar Energy Corp. (CSEC) In a disclosure to the Philippine Stock Exchange yesterday, AC Energy Corp. (ACEN) said the company and its subsidiary ACE…
Source: BusinessWorld 31 January 2021 – AC Energy Corp. concluded its stock rights offering with the listing of 2.2 billion common shares at the Philippine Stock Exchange (PSE) on Friday, raising around P5.37 billion to fund at least six renewable energy projects. “I am pleased that PSE is able to support this undertaking as funds…
Source: Philippine Daily Inquirer 17 January 2021 – The Ayala group’s power generation arm wants the Securities and Exchange Commission’s go-ahead to again jack up its authorized capital stock, this time almost double, fresh from having secured the green light to again change its name. AC Energy Philippines Corp. (ACEN)—named Phinma Energy Corp. until acquired…
Ayala-led AC Energy Philippines Inc. (ACEN) has slated February next year as the offer period for its stock rights offering (SRO), in which 2,267,580, 434 common shares will be issued. The stock listing has been priced at P2.37 per share, based on approval that it had secured for its SRO from the Securities and Exchange…
Click to view fullscreen Source: PeopleAsia Magazine (Excerpt from Dec 2020 – Jan 2021 Issue) http://peopleasia.ph/people-of-the-year-2021-an-extraordinary-list-in-an-extraordinary-time/
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),…
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…
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