AC Energy, Inc. said it has signed a deal to develop a pumped hydroelectric energy storage system with a capacity of 250 megawatts (MW) in South Australia, which it expects to start building in the next six months. “We just signed a couple of days ago an agreement to develop pumped hydro in South Australia….
Source: GMA News 17 September 2019 – Ayala-led Phinma Energy Corp. is looking at about $2 billion in capital expenditures in the next six years to expand the company’s renewable energy portfolio to 2,000 megawatts. “Our vision for AC Energy Philippines is to be the leader in renewable energy in the country. Our goal is…
Source: PhilStar 12 September 2019 – MANILA, Philippines — AC Energy Inc., the power generation unit of the Ayala Group, sees more opportunities in tapping green financing after it bagged the ASEAN Green Bond Label. The company secured another certification under the ASEAN Green Bond Standards after it issued the first Climate Bond Initiative-certified US…
Source: PhilStar 25 June 2019 – MANILA, Philippines — AC Energy Inc., the energy platform of Ayala Corp., has completed the acquisition of Phinma Energy Corp. from the Del Rosario family for P6.3 billion. In a disclosure to the Philippine Stock Exchange yesterday, AC Energy said it has acquired the combined 51.48 percent stake of…
Source: BusinessWorld 13 September 2019 – MANILA Electric Co. (Meralco) has awarded power supply agreements (PSA) covering 1,200 megawatts (MW) to units of San Miguel Corp. (SMC) and Ayala’s AC Energy, Inc. In a disclosure to the stock exchange on Thursday, the listed company identified the winning bidders during the competitive selection process (CSP) for…
Source: Renewables Now 4 October 2019 – AC Energy Inc, part of the Philippines’ Ayala Corp (PSE:AC), has set up a joint venture with the solar power platform of UPC Renewables to develop and build over 1 GW of renewable energy plants in the Asia Pacific. AC Energy will invest in the development of the…
Source: Business Mirror 21 August 2019 – ACE Enexor Inc., formerly Phinma Petroleum and Geothermal Inc. (PPG), wants to bring in a strategic partner to aid the company in its future exploration plans. “We may be bringing in partners in the future. I think the idea is, over time, we will bring in at least one…
AC Energy recently celebrated the integration of PHINMA Energy, now AC Energy Philippines, with a brand launch and welcome party held last September 24. The annex office at the 22nd floor was also officially opened with a blessing on the same day. Excited employees garbed in “AC Energy-blue” colors gathered around the “Melting Pot” to…
AC Energy Philippines won best bids at Meralco’s Competitive Selection Process (CSP) held September 9 and 11. The company was awarded supply agreements for 200 MW baseload and 110 MW mid-merit of Meralco’s supply demand for 10 and 5 years respectively. “We now have 310 MW of contracted capacity at a solid price — a…
Ayala Group’s power generation unit, AC Energy, is gearing up to turnaround and transform its newly acquired unit, PHINMA Energy “We are now in the process of combining the assets and capabilities of AC Energy and PHINMA Energy to form a stronger and more agile energy platform,” said president and CEO John Eric T. Francia at…
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