Source: PhilStar 19 November 2020 – MANILA, Philippines — AC Energy Inc., the power arm of the Ayala Group, plans to issue dollar-denominated senior green fixed deferrable notes in line with its $2-billion medium term note program. In a disclosure to the Philippine Stock Exchange, the company said it has tapped a global syndicate of…
Source: Business News Asia 13 November 2020 – AC Energy Philippines today announced the potential investment of an affiliate of GIC Private Limited (“GIC”), Arran Investment Pte Ltd, in ACEN, in a deal valued at approximately Php 20bn. The Board of Directors of ACEN approved today the proposal of GIC’s affiliate to acquire a 17.5%…
Source: Philstar 12 November 2020 – MANILA, Philippines — Ayala-led AC Energy Philippines is subscribing to P442 million worth of shares of its subsidiary ACE Endevor to boost funding for the latter’s development projects. In a disclosure to the Philippine Stock Exchange, AC Energy said it has signed a subscription agreement with ACE Endevor for…
Source: Business Mirror 3 November 2020 – The financial sector holds a “unique” position to advance reforms in climate preparedness and sustainability, especially in the post-pandemic recovery, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said. Speaking in a recent webinar on climate risk, Diokno said banks and regulators can no longer afford to…
Source: DOE 27 October 2020 – TAGUIG CITY—Energy Secretary Alfonso G. Cusi today said the periodic assessment of the country’s energy requirements has led the Department of Energy (DOE) to declare a moratorium on endorsements for greenfield coal power plants. According to the Energy Chief, the agency’s most recent assessment revealed the need for the…
Source: PhilStar 20 October 2020 – MANILA, Philippines — AC Energy Inc., the power arm of Ayala Corp. is expanding its footprint in India with the development of a $36 million solar farm through its joint venture with UPC Solar Asia Pacific. The 70 Megawatt peak (MWp) Paryapt Solar is expected to start power generation…
Source: Panay News 9 October 2020 – ILOILO City – In its latest string of initiatives to mitigate the impact of coronavirus disease 2019 (COVID-19), AC Energy is extending aid to communities in Iloilo and Guimaras, providing critical relief for strained healthcare systems, educational support for the communities, and environmental rehabilitation. Critical medical supplies In…
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…
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