26 February 2021 – To help protect the Calatagan coastline in Batangas, South Luzon Thermal Energy Corporation (SLTEC) has collaborated with the Department of Environment and Natural Resources (DENR) to support and monitor the growth of a 10-hectare mangrove plantation in the province. The mangrove adoption underpins the National Greening Program of the DENR that…
Source: PhilStar 23 February 2021 – MANILA, Philippines — The AC Energy group has acquired a 50 percent stake in a 50-megawatt (MW) solar farm in Pampanga being developed by Citicore Solar Energy Corp. (CSEC) In a disclosure to the Philippine Stock Exchange yesterday, AC Energy Corp. (ACEN) said the company and its subsidiary ACE…
Completion of entry into the Australian market with partner UPC Renewables, An important milestone in delivery of 5GW of renewables capacity by 2025, aiming to be the largest listed renewables platform in Southeast Asia Reached financial close for the first 400MW out of 720MW Solar and 400MWhr Battery combined. A major contribution to AC Energy’s…
Source: BusinessWorld 31 January 2021 – AC Energy Corp. concluded its stock rights offering with the listing of 2.2 billion common shares at the Philippine Stock Exchange (PSE) on Friday, raising around P5.37 billion to fund at least six renewable energy projects. “I am pleased that PSE is able to support this undertaking as funds…
Source: Philippine Daily Inquirer 17 January 2021 – The Ayala group’s power generation arm wants the Securities and Exchange Commission’s go-ahead to again jack up its authorized capital stock, this time almost double, fresh from having secured the green light to again change its name. AC Energy Philippines Corp. (ACEN)—named Phinma Energy Corp. until acquired…
5 January 2021 – On 30 December 2020, AC Energy Philippines (PSE: ACEN) and its parent company, AC Energy and Infrastructure Corporation (“AC Energy”; formerly, AC Energy, Inc.), signed an Investment Agreement with Arran Investment Pte Ltd, an affiliate of GIC Private Limited (“GIC”), for GIC’s acquisition of an effective 17.5% ownership stake in ACEN…
Ayala-led AC Energy Philippines Inc. (ACEN) has slated February next year as the offer period for its stock rights offering (SRO), in which 2,267,580, 434 common shares will be issued. The stock listing has been priced at P2.37 per share, based on approval that it had secured for its SRO from the Securities and Exchange…
Click to view fullscreen Source: PeopleAsia Magazine (Excerpt from Dec 2020 – Jan 2021 Issue) http://peopleasia.ph/people-of-the-year-2021-an-extraordinary-list-in-an-extraordinary-time/
The idyllic island province of Guimaras may be known for a great many things – rich marine resources, mangrove forests, long stretches of white sand beaches and island coves, and the sweetest mangoes. As home to AC Energy’s 54 MW Guimaras Wind Farm located in the town of San Lorenzo, the company has drawn the…
AC Energy registered solid earnings notwithstanding the pandemic with a net income of ₱5.6 billion for the first nine months of 2020, providing a boost to Ayala’s portfolio. The company’s equity earnings more than doubled due to additional operating capacity in Vietnam, higher profits from commercial operations, and improved thermal availability, including pre-operating revenues…
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