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MANILA, Sept 27 (Reuters) – Aboitiz Power Corp, one of the Philippines’ biggest electricity producers, has struck a deal to pay $579 million for a stake in Ayala Corp’s thermal energy platform, the two companies said on Thursday. This is the sixth-largest domestic merger-and-acquisition deal, and the fourth biggest in the local energy sector, over…

MANILA, Philippines — AC Energy Inc., the power business of Ayala Corp., is expanding it overseas reach to Australia with an investment in a renewable energy platform to meet its 5,000 megawatt (MW) capacity target by 2025. The company is investing $30 million to acquire 50 percent of the Australian business of UPC Renewables. It…

Over the past three years, the Ayala-led North Luzon Renewable Energy Corporation (NLREC) which hosts an 81-megawatt wind farm in Barangay Caparispisan in Pagudpud town, has been growing forest trees as part of its greening program. Local officials and residents witnessed the ceremonial planting of the 205,000th seedling within the 625-hectare wind farm in the…

Source: Philippine Daily Inquirer 24 October 2019 – The Ayala group’s power unit AC Energy expects its 75-megawatt wind project in Indonesia to go online in the first quarter of 2018 as construction makes headway in South Sulawesi. PT UPC Sidrap Bayu Energi (UPC Sidrap), the owner and operator of the $150-million Sidrap wind farm,…

Source: Power Philippines 22 June 2017 – AC Energy Holdings Inc. will provide renewable power supply in Bonifacio Global City (BGC), particularly for its office and retail properties as part of its plans upon entering the retail energy business (RES) under the retail competition and open access (RCOA) regime. The electricity supply agreement with the…

“Over time, a country like Indonesia can contribute probably, orders of magnitude, 20% of our bottom line,” John Eric T. Francia, AC Energy president and chief executive officer, said on the sidelines of the BusinessWorld Economic Forum. Read full article

“Mr. Francia said the company is planning to further expand in Indonesia, adding there are “active discussion” with its partners for potential new projects in Indonesia.” Read full article

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