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…
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…
Source: Manila Bulletin 22 November 2020 – Despite the huge impact of the ongoing pandemic, the Ayala group of companies is not taking its eyes off the threat of climate change and remains committed ensure that its businesses will weather this coming crisis. Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala stressed during…
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…
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…
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%…
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…
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…
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…
19 October 2020 – Fresh off the back of its maiden investment in India last July 2020, Ayala Corporation’s energy arm, AC Energy, continues to expand its renewables business in the country with the development of the 70 MWp (50 MWac) Paryapt Solar through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia…
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