29 October 2021 – Announced at the Ayala Sustainability Summit last week was the climate initiative collaboration between Ayala’s energy and real estate businesses, a significant milestone toward the group’s collective Net Zero ambition by 2050. AC Energy (PSE: ACEN) and Ayala Land have signed a power supply agreement for ACEN’s 120 MW solar plant…
Oct 25, 2021 – Together with the Ayala group, ACEN is committing to achieve net zero greenhouse gas emissions by 2050, as announced by its Chairman Fernando Zobel de Ayala during the group’s Integrated Corporate Governance, Risk Management, and Sustainability Summit held Thursday, Oct 21, 2021.
Series of acquisitions to increase ACEN’s renewables attributable capacity by ~50 MW, and add ~1,300 MW of renewables pipeline in the Philippines ACEN to increase ownership in three wind farms: – 81 MW North Luzon Renewables, Ilocos Norte from 67% to 78% – 160 MW Pagudpud Wind, Ilocos Norte from 85% to 100% – 52…
The acquisition transforms the UPC\AC Renewables Australia joint venture into ACEN’s first wholly owned development and operating platform outside of the Philippines. The transaction includes the 520 MWp New England Solar Farm, currently under construction. The platform has over 8,000 MW of renewables pipeline across solar, wind, pump hydro, and energy storage technologies in Australia….
The ACEN and AMI joint venture has been awarded a US$2,962,000 grant by the U.S. Consulate General, Ho Chi Minh City The 15 MWh/7.5 MW Khanh Hoa Energy Storage project will be integrated into the JV’s operating 50 MW solar farm Aims to maximize the efficiency and reliability of renewable energy towards helping Vietnam achieve…
• 150 MW Ingrid Power Plant in Rizal will provide a much-needed boost in energy capacity and ancillary service to help the Luzon grid amidst the Malampaya shutdown • The ₱1.9 billion quick response power plant is the third project in the country to be switched on by ACEN for the year • Thermal firming…
Joint venture achieves a significant milestone with the 88 MW Ninh Thuan wind farm Second partnership between ACEN and the BIM Group after the 405 MW Ninh Thuan solar farm, one of the largest in Southeast Asia ACEN now has ~1,000 MW of renewables capacity in Vietnam in operation and under construction The wind farm…
As climate change takes center stage as one of the world’s most pressing challenges, and countries race to transition from fossil fuels to clean energy towards the post-COVID world, AC Energy recognized the opportune time to make a difference and lead the renewable energy revolution. The company currently has 2,100 MW of renewables capacity, on…
Source: Philippine Daily Inquirer 10 September 2021 – With a fresh $400 million raised earlier through an Asean green bond issue, AC Energy Corp. (Acen) has already brought its renewable energy kitty to almost $1 billion for 2021 alone. “The success of this fixed-for-life offering highlights the international investor community’s continuing confidence in Acen and…
10 September 2021 – As Ilocos Norte battles an upsurge of COVID-19 cases, AC Energy’s wind farms, NorthWind and North Luzon Renewables (NLR), worked with the Provincial Government of Ilocos Norte (PGIN) to fortify the local healthcare system, donating a combined ₱4 million worth of medical supplies to mitigate the impact of the pandemic to…
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