14 May 2021 – AC Energy Corporation (PSE: ACEN) has completed its follow-on offering, in a ₱13 billion deal that was warmly received by both Philippine and international investors. ACEN completed the offering of 2,010 million common shares priced at ₱6.50 per share, consisting of 1,580 million shares sold pursuant to the primary offer, 330…
Exactly ten years ago today, we established the AC Energy brand and organization, with the hope of addressing the country’s energy needs and building a new pillar for the Ayala group. We set out what was then a bold vision of establishing an energy platform with 1000MW of capacity in five years, from a standing…
63 MW Palauig solar plant operations begin 72 MW Arayat & Mexico solar plant’s construction is underway Despite the difficult year, AC Energy remained focused on its renewable energy investments creating 3,000 jobs in 2020 28 April 2021 – AC Energy Corporation (PSE:ACEN) announced that its 63 MW GigaSol Palauig solar farm has now commenced…
Source: BusinessMirror https://businessmirror.com.ph/2021/04/23/sec-greenlights-ac-energy-p16-48-b-follow-on-offering/ 25 April 2021 – The Securities and Exchange Commission (SEC) has approved the P16.48-billion follow-on offering of AC Energy Corp., proceeds of which will be used to fund its expansion projects. In its meeting on Thursday, the SEC en banc has approved AC Energy’s registration statement covering a total of 2.01 billion…
Source: PhilStar 20 April 2021 – MANILA, Philippines — AC Energy Corp. (ACEN) is setting its sights on solar and wind projects, coupled with battery storage, to scale up its renewable energy (RE) portfolio. During the company’s annual stockholders’ meeting yesterday, ACEN president and CEO Eric Francia said the company is prepared to invest heavily…
18 March 2020 – AC Energy Corporation (PSE: ACEN) today announced the completion of the subscription by an affiliate of GIC Private Limited (“GIC”), Arran Investment Pte Ltd, to four billion primary shares of ACEN, via a private placement. The private placement enables ACEN to raise additional capital totaling PHP11.88 billion to fund its various…
Source: Renewables Now March 15, 2021 – Philippine-based firm AC Energy Inc and its partner UPC Solar Asia Pacific have achieved financial close on a 100-MW/140-MWp solar project in India’s Rajasthan state. The Sitara photovoltaic (PV) scheme will require an overall investment of USD 67 million (EUR 56.2m). AC Energy, which is backed by Philippine…
Reached financial close for its 100 MW Sitara Solar Farm in India Stronger presence in India bringing a total of 450 MW of solar projects under construction and in the pipeline with partner UPC Renewables Amidst the current crisis, AC Energy remains committed to sustainable investing by driving renewables expansion in the region, helping reignite…
FY2020 net income of Php 3.75 billion Increased attributable capacity to 990 MW in operation and under construction Strong push toward sustainability and have aligned the organization towards meeting the 5GW renewable energy target by 2025 AC Energy Corporation (PSE: ACEN) posted its consolidated net income attributable to equity holders amounting to Php 3.75 billion…
Source: BusinessWorld 11 March 2021 – AN AFFILIATE of Singapore firm GIC Pte. Ltd. will be investing P11.88 billion in AC Energy Corp. (ACEN) for a 17.5% ownership stake in the local firm, the Ayala-led company said in a regulatory filing on Wednesday. ACEN said that Arran Investment Pte. Ltd. would be subscribing to four…
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