Latest Updates

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…

The acquisition by the consortium of AC Energy, Group Holdings Pte. Ltd., Star Energy Geothermal Pte. Ltd., and Electricity Generating Public Company Ltd. of the Chevron geothermal facilities in Indonesia received multiple recognitions from four major financial research firms in Southeast Asia. The deal was awarded by The Asset as Best M&A and Best Acquisition…

13 December 2018 – GNPower Dinginin Ltd. Co., a Philippine limited partnership of AC Energy, Therma Power and Power Partners, achieved financial close for the project financing of the second unit of its 2 x 668 MW super-critical coal fired power plant, in Dinginin, Bataan (the “GNPD Project”). AC Energy is a wholly owned subsidiary…

November 2Ayala Corporation President and COO and AC Energy Chairman Fernando Zobel de Ayala, together with the top executives of AC Energy and its partner UPC Renewables, visited the site of the 75-MW wind power project in Sidrap, South Sulawesi, Indonesia on November 8. UPC Chairman Brian Caffyn meets Fernando Zobel de Ayala in Sidrap…

Far from commercial grids and power lines, the island of Tawi-Tawi sits at the southernmost part of the Philippines. In this remote province, only 30% of the population has access to electricity, which is predominantly sourced from diesel generators. Due to the unstable electricity supply, the island experiences rolling blackouts that stunt the progress and…

SOUTH SULAWESI — Indonesia’s first utility-scale wind farm’s construction stays on track, nearing 70% completion and is expected to be ready for commercial operations in the first quarter of 2018. PT UPC Sidrap Bayu Energi (UPC Sidrap), the project company, has started the installation of 30 Gamesa G114 2.5MW wind turbine generators since August 2018….

Fishing and farming are the main livelihood of the men in Brgy. Caparispisan in Pagudpud. But not everyday is a good day to either fish or farm. “When stormy months come and the cropping season is over, most of the men in our barangay become jobless for quite some time. They become ‘tambays’ doing nothing…

Apart from the town’s beautiful beaches, Mayor Marlon Sales believes that the North Luzon Renewables wind farm in Brgy. Caparispisan will help attract more tourist visits to Pagudpud. Sales said that a part of the wind farm can be developed into a tourist hub. He also expressed the local government’s support by pushing for the…

Three years since it started its reforestation initiatives in the mountains of Pagudpud, North Luzon Renewables (NLR) has completed and even exceeded the replanting requirement set by the Department of Environment and Natural Resources (DENR). As of September 30, 2017, NLR has planted 209,874 seedlings within the vicinity of its 81MW wind farm in Pagudpud,…

Alwin Reyes, a 39-year old father of two, found a way to augment his family’s income without leaving the vicinity of their house. In his backyard in Sitio Aprot, Brgy. Caparispisan, Pagudpud, Alwin grows Agoho seedlings for a community-based seedling production program in Ilocos Norte. He and his wife Analyn plant the seeds that they…