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…
Source: BusinessWorld 27 August 2020 – Strong government support, enabling policies, technology improvements, and abundant resources make investing in renewable energy an attractive prospect in the Philippines. For AC Energy, Ayala Corporation’s power generation arm, the Philippines remains to be a core market, and the company reinforces its strong commitment to invest in much needed…
Source: Daily Guardian – 25 August 2020
Source: Manila Bulletin 16 August 2020 – The Ayala group recently scored two “firsts” in the history of the Philippine capital market with the listing of AREIT, Inc., in the Philippine Stock Exchange on August 13 and the BPI CARE Bonds on August 7 at the Philippine Dealing Exchange (PDEX.) The P12.3-billion initial public officering…
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,…
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…
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