Source: BusinessWorld 27 August 2020 – In the energy sector, there is an apparent balance to be met between addressing energy security and tapping further renewable energy (RE) resources. This was recently expressed by Department of Energy (DoE) Secretary Alfonso G. Cusi in reaffirming his commitment to the full implementation of the Renewable Energy Act….
Source: Manila Bulletin 27 August 2020 – Ayala-owned firm AC Energy Inc. and its partner UPC Renewables had engaged Spanish firm Elecnor S.A. to be the engineering, procurement and construction (EPC) contractor of their 720-megawatt (ac) New England solar farm project, which is touted to be Australia’s biggest hybrid solar-battery energy installation. In a statement to…
Source: BusinessWorld 27 August 2020 – Strong government support, enabling policies, technology improvements, and abundant resources make investing in renewable energy an attractive prospect in the Philippines. For AC Energy, Ayala Corporation’s power generation arm, the Philippines remains to be a core market, and the company reinforces its strong commitment to invest in much needed…
Source: Daily Guardian – 25 August 2020
18 August 2020 – AC Energy Philippines (PSE: ACEN) is set to develop two new solar plants in Central Luzon with an aggregate capacity of up to 150 MW. This will bring ACEN’s total Philippine projects under construction to 480 MW, which includes 330 MW of solar and 150 MW of peaking diesel plants. The…
Source: Manila Bulletin 16 August 2020 – The Ayala group recently scored two “firsts” in the history of the Philippine capital market with the listing of AREIT, Inc., in the Philippine Stock Exchange on August 13 and the BPI CARE Bonds on August 7 at the Philippine Dealing Exchange (PDEX.) The P12.3-billion initial public officering…
Source: Philstar 13 August 2020 – MANILA, Philippines — AC Energy Philippines Inc. reported a P2 billion net profit in the first semester of the year, a turnaround from a net loss last year, as it completed its restructuring program after it acquired Phinma Energy Corp. In a disclosure to the Philippine Stock Exchange yesterday,…
AC Energy Philippines (ACEPH) registered a Php 1.96 billion net income in the first half of the 2020, a significant turnaround from a Php 552 million loss in the same period the prior year. The strong performance was mainly driven by the successful infusion of AC Energy, Inc.’s on-shore assets and recent acquisitions. Last June…
Ayala Corporation’s power generation arm, AC Energy, continues to reap global recognition as it bags the coveted “Green Project of the Year” award for its US$410 million maiden Green Bonds at the recently concluded The Asset Triple A Infrastructure Awards 2020 (ASEAN), which honors key institutions that have contributed to region’s economic growth and development….
Source: BusinessWorld 20 July 2020 – AN AFFILIATE company of Ayala Corp.’s energy arm now owns a material interest in an Australian power firm, which it initially aims to fully take over. UAC Energy Holdings said it received 20% shareholding interests in Infigen Energy Ltd. from the share purchases of its A$0.86-per-share bid, as of…
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