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…
AC Energy-managed Negros Island Solar Power, Inc. (Islasol) recently received the Silver Seal of Good Environmental Governance Award from the Provincial Environment Management Office (PEMO) of Negros Occidental. The Seal of Good Environmental Governance is given to local government units, schools, organizations, and individuals who have been involved in remarkable practices on environmental conservation and…
27 July 2018 – As part of its value-added services to its clients, AC Energy Retail conducted the first leg of its series customer training programs on July 27, 2018, at the AC Energy headquarters in Makati City. The training, which was attended by participants representing the client-companies scheduled for the first batch, tackled the Fundamentals…
26 June 2018 | Pagudpud, Ilocos Norte – As part of the group’s Brigada Eskwela initiatives in its partner communities, AC Energy and North Luzon Renewables reached out to the students of its supported schools in Pagudpud, Ilocos Norte. The group, headed by AC Energy AVP for Corporate Marketing & Sustainability Irene Maranan and NLR…
AC Energy and NLR’s agro-forestry project is gaining ground with the creation a 4.5-hectare model farm within NLR’s wind farm facility in Pagudpud, Ilocos Norte. Mushroom houseA little over four months from kick-off, forest workers have already started growing fruit-bearing and forest tree seedlings inside the model farm. The start of the rainy season also…
30-31 May 2018 – As part of Ayala group’s #BrigadangAyala2018 program, AC Energy employees, together with their family members and friends, took time to roll-up their sleeves and heed the Education Department’s call for volunteers in this year’s Brigada Eskwela in Manila and in Negros Oriental. Volunteers stuffing school bags with school supplies School supplies…
24 May 2018 – AC Energy President and CEO Eric Francia believes that industry risks must be addressed first in order to achieve full potentials of renewable energy. In a panel discussion at the 2018 Power & Electricity World Philippines, Francia cited some risks, which includes high cost of storage and land conversion issues, that…
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…
11 May 2018 – AC Energy nearly doubled its net profits in the first quarter of the year to ₱593 million, boosted by robust contributions of its Indonesia investment and thermal and renewable platforms. Equity earnings from AC Energy’s investee companies also doubled to ₱822 million led by fresh contribution from Salak and Darajat in…
Driven by fresh equity earnings contribution from its geothermal platform, and boosted by solid contributions from its wind energy assets, AC Energy posted a P3.5 billion net income in 2017, up 31% from the previous year. This double-digit contribution, together with Ayala Land’s 20% growth and strong equity earnings contributions from the other business units,…
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