MANILA, Philippines — AC Energy Corp. reported higher earnings in the first half, thanks to improving power demand and contribution from its newly operational renewable energy projects. The listed power unit of the Ayala Group netted P2.7 billion during the January-June period, up 5% year-on-year, according to a disclosure to the stock exchange on Thursday….
Source: Rappler.com 6 August 2021 – Starting August 16, AC Energy Corporation and Converge ICT Solutions will be joining the 30-member Philippine Stock Exchange index (PSEi). In a memorandum on Thursday, August 5, the PSE said revisions are being implemented to ensure that PSE indices “remain at par with global standards and responsive to the…
Consolidated revenues for the period rose 35% to ₱13.4 billion Attributable capacity rose by 56% to 2,589 MW Results of operation of international assets infused from parent ACEIC are now being reported under ACEN Renewables portfolio doubled to 2,070 MW in June 2021, from 1,041 MW last year, with renewables comprising 80% of the company’s…
AC Energy subsidiary to enter a joint venture with NEFIN to develop, construct, and operate rooftop solar projects across Asia Primary infusion of US$ 10 million investment, with commitment of further funding for pipeline projects Geographies covered include Hong Kong, Malaysia, China, and Taiwan, with potential expansion to other Australasian countries 04 August 2021 –…
30 June 2021 – In another pioneering move, AC Energy has piloted the circularity approach in its 120 MW solar plant in Alaminos, Laguna construction site, diverting away from landfills a total of 32,540 kg of plastic collected from the solar panel packaging materials – or the equivalent of about 25 compact size cars –…
AC Energy’s renewable energy projects in Vietnam reached ~1,000 MW in operation and under construction, of which 637 MW is the attributable capacity Outside of the Philippines, Vietnam is AC Energy’s largest market The 405 MW Ninh Thuan solar farm, one of Southeast Asia’s largest solar developments, recently marked a milestone of reaching 1 billion…
With the landscape for learning seemingly transformed overnight because of COVID-19, AC Energy aims to ensure continuity in education through a nationwide rollout of the “Brigada ng Ayala” program, the Ayala group’s response to the Department of Education’s Brigada Eskwela program, with the objective to meet the urgent needs of students and teachers as they…
Source: Power Philippines 6 July 2021 – The Energy Regulatory Commission (ERC) has authorized Ayala-led AC Energy to connect its 300-megawatt (MW) modular diesel power plant in Pililla, Rizal to the Luzon Grid. In its decision, the ERC said it has approved the application of AC Energy subsidiary Ingrid Power Holdings, Inc. to develop and…
Moving sustainability beyond just a management strategy to become the driving force for its business, AC Energy’s latest environmental and social programs in Western Visayas anchored on marine life protection and community development demonstrates the company’s pursuit to create sustainable, tangible and long-term impact to its stakeholders, the community and the environment. In the municipality…
Source: Philippine Daily Inquirer 25 June 2021 – CITY OF SAN FERNANDO—Ayala Group’s AC Energy and Citicore launched Thursday their 72-megawatt solar farm in a 58-hectare land at the boundary of Arayat and Mexico towns in Pampanga province. The firms aim to energize around 45,000 homes and create 1,500 jobs, the venture said in a…
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