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MANILA, Philippines — Ayala Corp., the country’s oldest conglomerate, is bent on aggressively growing its renewable energy portfolio to become an even bigger RE player in the country and beyond, its president and COO Fernando Zobel de Ayala told The STAR. In an email interview, Zobel said the company’s renewable energy investments have been growing fast. Thus, the…

AC ENERGY, Inc. is close to reaching an equal share of renewables and thermal energy capacity in its portfolio among its operating plants as of 2018, its top official said. “You’d be surprised. We’re close to 50-50. Very close. I’m talking about actual electrons being produced. It doesn’t include projects under construction,” AC Energy Chief…

15 October 2018 – AC Energy Inc., a wholly-owned subsidiary of Philippine-listed conglomerate Ayala Corp, has entered into an engineering, procurement and construction (EPC) contract with AMI Renewables Energy Joint Stock Co for the development of two solar plants in Vietnam. According to a disclosure to the Philippines Stock Exchange, the solar plants will be…

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. Source: BusinessWorld

“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.” Source: BusinessWorld