News

Source: PhilStar 26 June 2020 – MANILA, Philippines  — AC Energy Inc. is fast-tracking the construction of a mega solar farm in Australia after securing a deal to connect the project to the grid. The company’s joint venture with UPC Renewables, UPCAC Renewables Australia, signed the connection agreement with TransGrid for the connection arrangements for…

Source: Business Mirror The insurance industry is one of the leading investors in green bonds in the country. Climate change challenge 17 June 2020 – Climate change is the great challenge of our time. The Philippines is vulnerable to this challenge with numerous typhoons devastating the country every year. The cost to our economy is…

Source: Business Mirror 21 April 2020 – AC Energy Philippines (ACEPH), the power arm of conglomerate Ayala Corp., is expected to post profit this year despite the low demand for power caused by the coronavirus disease 2019 (Covid-19) pandemic. From a net loss of P417 million in 2019, ACEPH President Eric Francia said during the…

Source: Bloomberg 20 April 2020 – Ayala Corp., the Philippines’ oldest conglomerate, aims to fully divest from coal by 2030, a rare rebuke of the fuel in a region where its use is expected to grow. Ayala’s power-generation unit, AC Energy Philippines Inc., will also boost investments in renewable generation as it transitions to a low-carbon…

Source: Inquirer.net 20 March 2020 – AC Energy Inc., the Ayala group’s power generation platform, is consolidating its overseas and domestic businesses by ramping up stake in AC Energy Philippines Inc. (ACEPH) to 85 percent. The Ayala group took over management of ACEPH in September 2019 by mustering an interest of 66.34 percent in the…

Source: BusinessWorld  9 December 2019 – AYALA-LED AC Energy, Inc. is setting aside the bulk of the $1.5 billion shored up from recent capital-raising activities for projects in the Philippines, Australia and Vietnam, while looking at India and Myanmar as new markets, its top official said. Eric T. Francia, AC Energy president and chief executive…

Source: Business Mirror 6 December 2019 – AC Energy Philippines Inc. , formerly Phinma Energy Corp., is all set to undertake 550 megawatts (MW) of power projects in the country starting next year, its top official said. Company President Eric Francia identified three projects with a combined capacity of 330 MW that are up for…

Source: Philippine Daily Inquirer 4 December 2019 – AC Energy Philippines has firmed up a deal to increase its interests in Negros Island Solar Power Inc. (Islasol) and San Carlos Solar Energy Inc. (Sacasol) through deals with a combined tag of about P3.9 billion. Aceph said in regulatory filings that it had signed share purchase…

Source: Business World 28 November 2019 – AYALA-LED AC Energy, Inc. has valued its senior perpetual fixed-for-life green bond issuance at $400 million with a fixed coupon of 5.65% with no step-up and no reset, its listed unit said on Wednesday. “This represents the first US dollar denominated fixed-for-life green bond ever issued globally,” AC…

Source: Philippine Daily Inquirer 13 November 2019 – The country’s oldest conglomerate, Ayala Corp., said its profit almost doubled to P46.2 billion in the first nine months of the year, backed by the growth of its traditional businesses and its relativity new power subsidiary, AC Energy Inc. It said revenue from January to September rose…