Reached financial close for its 100 MW Sitara Solar Farm in India Stronger presence in India bringing a total of 450 MW of solar projects under construction and in the pipeline with partner UPC Renewables Amidst the current crisis, AC Energy remains committed to sustainable investing by driving renewables expansion in the region, helping reignite…
FY2020 net income of Php 3.75 billion Increased attributable capacity to 990 MW in operation and under construction Strong push toward sustainability and have aligned the organization towards meeting the 5GW renewable energy target by 2025 AC Energy Corporation (PSE: ACEN) posted its consolidated net income attributable to equity holders amounting to Php 3.75 billion…
26 February 2021 – To help protect the Calatagan coastline in Batangas, South Luzon Thermal Energy Corporation (SLTEC) has collaborated with the Department of Environment and Natural Resources (DENR) to support and monitor the growth of a 10-hectare mangrove plantation in the province. The mangrove adoption underpins the National Greening Program of the DENR that…
Completion of entry into the Australian market with partner UPC Renewables, An important milestone in delivery of 5GW of renewables capacity by 2025, aiming to be the largest listed renewables platform in Southeast Asia Reached financial close for the first 400MW out of 720MW Solar and 400MWhr Battery combined. A major contribution to AC Energy’s…
5 January 2021 – On 30 December 2020, AC Energy Philippines (PSE: ACEN) and its parent company, AC Energy and Infrastructure Corporation (“AC Energy”; formerly, AC Energy, Inc.), signed an Investment Agreement with Arran Investment Pte Ltd, an affiliate of GIC Private Limited (“GIC”), for GIC’s acquisition of an effective 17.5% ownership stake in ACEN…
The idyllic island province of Guimaras may be known for a great many things – rich marine resources, mangrove forests, long stretches of white sand beaches and island coves, and the sweetest mangoes. As home to AC Energy’s 54 MW Guimaras Wind Farm located in the town of San Lorenzo, the company has drawn the…
AC Energy registered solid earnings notwithstanding the pandemic with a net income of ₱5.6 billion for the first nine months of 2020, providing a boost to Ayala’s portfolio. The company’s equity earnings more than doubled due to additional operating capacity in Vietnam, higher profits from commercial operations, and improved thermal availability, including pre-operating revenues…
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…
The enterprise arm of Globe Telecom forged a partnership with South Luzon Thermal Energy Corporation (SLTEC) to enhance the latter’s data collection, analytics, and power plant production through the Internet of Things (IoT) enabled by Globe Direct Internet. “Introducing IoT to our operations was a big step towards changing the way we interact with and…
In its latest string of initiatives to mitigate the impact of Covid-19, AC Energy is extending aid to communities in Iloilo and Guimaras, providing critical relief for strained healthcare systems, educational support for the communities, and environmental rehabilitation. As the pandemic continues to create a public health and economic crisis of unprecedented scale globally, AC…
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