Stewardship in Iloilo
Source: Daily Guardian – 25 August 2020
AC Energy accelerates renewable energy expansion in the Philippines with two new solar plants
18 August 2020 – AC Energy Philippines (PSE: ACEN) is set to develop two new solar plants in Central Luzon with an aggregate capacity of up to 150 MW. This will bring ACEN’s total Philippine projects under construction to 480 MW, which includes 330 MW of solar and 150 MW of peaking diesel plants. The…
Ayala’s ‘one-two punch’ in the exchanges
Source: Manila Bulletin 16 August 2020 – The Ayala group recently scored two “firsts” in the history of the Philippine capital market with the listing of AREIT, Inc., in the Philippine Stock Exchange on August 13 and the BPI CARE Bonds on August 7 at the Philippine Dealing Exchange (PDEX.) The P12.3-billion initial public officering…
AC Energy turns in profit after restructuring
Source: Philstar 13 August 2020 – MANILA, Philippines — AC Energy Philippines Inc. reported a P2 billion net profit in the first semester of the year, a turnaround from a net loss last year, as it completed its restructuring program after it acquired Phinma Energy Corp. In a disclosure to the Philippine Stock Exchange yesterday,…
AC Energy Philippines completes onshore restructuring; registers Php 1.96B first half net income
AC Energy Philippines (ACEPH) registered a Php 1.96 billion net income in the first half of the 2020, a significant turnaround from a Php 552 million loss in the same period the prior year. The strong performance was mainly driven by the successful infusion of AC Energy, Inc.’s on-shore assets and recent acquisitions. Last June…
AC Energy clinches Green Project of the Year Award
Ayala Corporation’s power generation arm, AC Energy, continues to reap global recognition as it bags the coveted “Green Project of the Year” award for its US$410 million maiden Green Bonds at the recently concluded The Asset Triple A Infrastructure Awards 2020 (ASEAN), which honors key institutions that have contributed to region’s economic growth and development….
Ayala affiliate raises stake in Australia’s Infigen
Source: BusinessWorld 20 July 2020 – AN AFFILIATE company of Ayala Corp.’s energy arm now owns a material interest in an Australian power firm, which it initially aims to fully take over. UAC Energy Holdings said it received 20% shareholding interests in Infigen Energy Ltd. from the share purchases of its A$0.86-per-share bid, as of…
AC Energy units get P 2.2-B infusion
Source: Inquirer.net 29 July 2020 – AC Energy Philippines Inc. (ACEPH) is infusing as much as P2.2 billion into two of its subsidiaries, Bataan Solar Energy Inc. and Giga Ace 4 Inc., in line with efforts to push renewable energy initiatives. Through this latest move, the Ayala group’s platform for the energy business is following…
Ingrid plans to build P566M power line
Source: Manila Standard 26 July 2020 – Ingrid Power Holdings Inc., a unit of AC Energy Inc., is seeking an approval from the Energy Regulatory Commission to develop P566-million worth of dedicated point-to-point limited facilities to connect its 300-megawatt diesel power plant in Rizal province to the 230-kilovolt Malaya substation of National Grid Corp. of…
AC Energy expands to India
Source: PhilStar 21 July 2020 – MANILA, Philippines — AC Energy Inc., the power unit of Ayala Corp., continues to expand overseas with its latest venture in India. AC Energy said it is developing the 140-megawatt Sitara solar plant in India under UPC-AC Energy Solar, its 50-50 joint venture with UPC Solar Asia Pacific. UPC-AC…
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