AC Energy PEMC WCO

AC Energy recognized for high compliance

Source: PhilStar 8 December 2020 – MANILA, Philippines — AC Energy, the power generation arm of Ayala Corp., bagged multiple accolades for exemplary compliance of its renewable energy projects at the recently concluded Wholesale Electricity Spot Market (WESM) Compliance Officers (WCO) Summit 2020. AC Energy’s solar farms in Negros namely, Monte Solar Energy Inc. (Montesol),…

AC Energy ASEAN green finance leadership

Philippines cited for ASEAN green-finance leadership

Source: BusinessWorld 27 November 2020 – The Philippines was cited as a regional leader in sustainable finance thanks to the combined efforts of the government, banks, and businesses, according to a report issued by the international non-profit Climate Bonds Initiative (CBI). “The Philippines is a leader in green finance in ASEAN. (It) has been increasingly…

AC Energy raises $300M from green bonds

Ayala energy unit raises $300M from green bonds

Source: BusinessWorld 27 November 2020 – AC Energy and Infrastructure Corp. has raised $300 million from its green bond issuance, its parent firm Ayala Corp. said in a regulatory filing on Friday, marking the country’s first fixed-for-life perpetual bond offering in about a year. “We are very pleased to see the high level of investor…

Ayala Group to boost renewable portfolio to 2500 MW by 2021

Ayala Group to boost renewable portfolio to 2,500 MW by 2021

Source: Manila Standard 19 November 2020 – The Ayala Group plans to scale up its renewable energy portfolio to 2,500 megawatts next year as it positions AC Energy Philippines Inc. to become the largest listed renewables platform in Southeast Asia.“We are really building up AC Energy Philippines or ACEN, the listed company. ACEN will be…

AC Energy green deferrable dollar note

AC Energy to issue green deferrable dollar note

Source: PhilStar 19 November 2020 – MANILA, Philippines — AC Energy Inc., the power arm of the Ayala Group, plans to issue dollar-denominated senior green fixed deferrable notes in line with its $2-billion medium term note program. In a disclosure to the Philippine Stock Exchange, the company said it has tapped a global syndicate of…

GIC Private limited invests in AC Energy

GIC Private Limited to invest Php20bn in AC Energy Philippines

Source: Business News Asia 13 November 2020 – AC Energy Philippines today announced the potential investment of an affiliate of GIC Private Limited (“GIC”), Arran Investment Pte Ltd, in ACEN, in a deal valued at approximately Php 20bn. The Board of Directors of ACEN approved today the proposal of GIC’s affiliate to acquire a 17.5%…

AC Energy infuses capital to ACE Endevor

AC Energy boosts unit’s capital

Source: Philstar 12 November 2020 – MANILA, Philippines — Ayala-led AC Energy Philippines is subscribing to P442 million worth of shares of its subsidiary ACE Endevor to boost funding for the latter’s development projects. In a disclosure to the Philippine Stock Exchange, AC Energy said it has signed a subscription agreement with ACE Endevor for…

BSP IFC ADB anchored AC Energy Green Bonds
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‘Banks’ involvement key to climate change reform’

Source: Business Mirror 3 November 2020 – The financial sector holds a “unique” position to advance reforms in climate preparedness and sustainability, especially in the post-pandemic recovery, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said. Speaking in a recent webinar on climate risk, Diokno said banks and regulators can no longer afford to…

AC Energy supports Secretary Cusi

DOE Sec. Cusi declares Moratorium on endorsements for greenfield coal power plants

Source: DOE 27 October 2020 – TAGUIG CITY—Energy Secretary Alfonso G. Cusi today said the periodic assessment of the country’s energy requirements has led the Department of Energy (DOE) to declare a moratorium on endorsements for greenfield coal power plants. According to the Energy Chief, the agency’s most recent assessment revealed the need for the…

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