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…
A major milestone for the Australian energy sector has been achieved today with the appointment of a lead EPC contractor for the commencement of the first stage of the 720MW (AC) New England Solar Farm and battery project. The New England Solar Farm is being developed by leading renewable energy developer UPC\AC Renewables Australia across…
AC Energy, Ayala Corporation’s power generation arm, and partner AMI Renewables, recently held a groundbreaking ceremony to celebrate the start of construction of the landmark 210 MW wind facility in Quang Binh, a province in Vietnam with a huge potential in renewable energy. The wind farm is expected to be fully operational by the third…
Ayala Corporation’s power arm, AC Energy, has started to integrate a circular approach in its renewable energy developments to help reduce the environmental impact in its construction sites and its host communities. In Zambales and Laguna, AC Energy is constructing two solar power plants, the 120 MW Alaminos and 60 MW Palauig plants, with the installation of…
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…
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…
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….
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