AC Energy raises $300M from green bonds

Ayala energy unit raises $300M from green bonds

Source: BusinessWorld 27 November 2020 – AC Energy and Infrastructure Corp. has raised $300 million from its green bond issuance, its parent firm Ayala Corp. said in a regulatory filing on Friday, marking the country’s first fixed-for-life perpetual bond offering in about a year. “We are very pleased to see the high level of investor…

Ayala Group to boost renewable portfolio to 2500 MW by 2021

Ayala Group to boost renewable portfolio to 2,500 MW by 2021

Source: Manila Standard 19 November 2020 – The Ayala Group plans to scale up its renewable energy portfolio to 2,500 megawatts next year as it positions AC Energy Philippines Inc. to become the largest listed renewables platform in Southeast Asia.“We are really building up AC Energy Philippines or ACEN, the listed company. ACEN will be…

AC Energy green deferrable dollar note

AC Energy to issue green deferrable dollar note

Source: PhilStar 19 November 2020 – MANILA, Philippines — AC Energy Inc., the power arm of the Ayala Group, plans to issue dollar-denominated senior green fixed deferrable notes in line with its $2-billion medium term note program. In a disclosure to the Philippine Stock Exchange, the company said it has tapped a global syndicate of…

GIC Private limited invests in AC Energy

GIC Private Limited to invest Php20bn in AC Energy Philippines

Source: Business News Asia 13 November 2020 – AC Energy Philippines today announced the potential investment of an affiliate of GIC Private Limited (“GIC”), Arran Investment Pte Ltd, in ACEN, in a deal valued at approximately Php 20bn. The Board of Directors of ACEN approved today the proposal of GIC’s affiliate to acquire a 17.5%…

BSP IFC ADB anchored AC Energy Green Bonds
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‘Banks’ involvement key to climate change reform’

Source: Business Mirror 3 November 2020 – The financial sector holds a “unique” position to advance reforms in climate preparedness and sustainability, especially in the post-pandemic recovery, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said. Speaking in a recent webinar on climate risk, Diokno said banks and regulators can no longer afford to…

AC Energy supports Secretary Cusi

DOE Sec. Cusi declares Moratorium on endorsements for greenfield coal power plants

Source: DOE 27 October 2020 – TAGUIG CITY—Energy Secretary Alfonso G. Cusi today said the periodic assessment of the country’s energy requirements has led the Department of Energy (DOE) to declare a moratorium on endorsements for greenfield coal power plants. According to the Energy Chief, the agency’s most recent assessment revealed the need for the…

UPC AC Energy Solar Asia Paryapt Solar
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Increasing renewables footprint in India: AC Energy builds second solar farm

19 October 2020 – Fresh off the back of its maiden investment in India last July 2020, Ayala Corporation’s energy arm, AC Energy, continues to expand its renewables business in the country with the development of the 70 MWp (50 MWac) Paryapt Solar through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia…

New England Solar Farm UPC/AC Renewables Australia

AC Energy, UPC Solar develops solar farm in India

Source: PhilStar 20 October 2020 – MANILA, Philippines — AC Energy Inc., the power arm of Ayala Corp. is expanding its footprint in India with the development of a $36 million solar farm through its joint venture with UPC Solar Asia Pacific. The 70 Megawatt peak (MWp) Paryapt Solar is expected to start power generation…

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