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,…
2 April 2018, AC Energy inaugurated their new office space on the 4th floor of Ayala 6750 with a ribbon-cutting ceremony attended by Ayala Chairman and CEO Jaime Augusto Zobel de Ayala and AC Energy Chairman Fernando Zobel de Ayala. Alongside this event, AC Energy CEO Eric Francia unveiled AC Energy’s rebrand that reflects the…
Sustainable development programs underway for communities and areas surrounding NLR and NW in Pagupud, Ilocos Norte. Following the efforts of AC Energy and North Luzon Renewables (NLR) in Pagudpud, the company has focused on furthering the development efforts and programs in the surrounding areas of NLR and NorthWind Power (NW). In Caparispisan, the implementation of…
10 March 2018 – The Ayala group has always been geared towards improving lives by ensuring value creation in the environment and communities where it operates. At the forefront is AC Energy with environmental and social initiatives that fully support the development and prosperity of their host communities, with the ultimate goal towards self-actualization and…
21 February 2018 – As a manifestation of the company’s support to youth leadership development, AC Energy employees participated in the 2018 Ayala Young Leaders Congress (AYLC) held in Malvar Batangas. The officers, led by AC Energy President and CEO Eric Francia, sat down with the delegates to listen to their stories and challenges, and…
18 February 2018 – Close to 200 runners composed of business professionals, local government employees, and professional as well as non-professional runners participated in the recently concluded Run with the Wind organized by North Luzon Renewables (NLR) at the NLR Wind Farm and the surrounding barangays of Caparispisan, Caunayan and Balaoi in the municipality of…
08 February 2018 – As part of its lecture series, the Energy Policy and Development Program (EPDP) conducted a forum which revolved on the topic Optimal Investment Decisions in Generation with AC Energy President and CEO Eric Francia as resource speaker. In a case study approach, Francia shared the inspiration behind Ayala group’s entry to…
07 February 2018 – Discussing the country’s energy policies at the Asia CEO Forum, AC Energy President and CEO Eric T. Francia emphasized the importance of speeding up the passage of the bill on competitive selection process (CSP) referring to Senate Bill 1306 or the Energy Procurement Act of 2016. “We need the competitive selection…
For the fourth straight year, North Luzon Renewables (NLR) received the “Corporate Safety and Health Excellence Award” from the Safety & Health Association of the Philippine Energy Sector, Inc. (SHAPES) and the Department of Energy (DOE) for operating without lost time accident (LTA) from the period November 2016 to October 2017. In a ceremony held…
19 January 2018 – Ayala Corporation’s board of directors approved the restructuring of Ayala’s energy business that will result in the creation of two wholly owned platforms, Renewable Energy and Thermal Energy. The restructuring will be undertaken through the following steps: 1. Creation of a new holding company: AC Renewables Inc. 2. Transfer of renewable…
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