AC Energy, Ayala Corp.’s energy-holding company, is looking at more renewable-energy (RE) investment opportunities in the Asia-Pacific region to achieve a balanced mix of its renewables and thermal portfolios by 2025. In an interview, AC Energy President Eric Francia said the company would need to seal “a lot” of partnerships to achieve its goal—a 50-50 split…
Tag: AC Energy
AC Energy eyes opportunities in SE Asia
AC ENERGY Holdings, Inc. is transforming itself into a regional player in the energy sector, setting its sights on expanding in Indonesia and entering Vietnam. “We are beginning to look at other Southeast Asian markets. Vietnam is something we are looking at,” said AC Energy President John Eric T. Francia in a briefing on Wednesday….
Ayala power unit eyes Vietnam in regional push
AC Energy is studying investment opportunities in Vietnam after gaining a foothold in Indonesia, as it aims to become a regional player in renewable energy, its president said Wednesday. The Ayala Corp power unit will operate its wind farm in South Sulawesi, the first facility of its kind in Indonesia, by the first quarter of…
AC Energy Holding eyes retail energy business
AC Energy Holdings Inc. is dipping its foot in the retail energy business, initially targeting a 50-megawatt (MW) supply in the next three years in line with the full implementation of retail competition and open access (RCOA). The Ayala power investment arm has established itself as a retail electricity supplier (RES) after getting the necessary…
Ayala power unit draws down P5 B to fund Bataan coal plant
GN Power Dinginin Ltd. Co. (GNPD) has made the first drawdown of nearly P5 billion from its credit line to finance the construction of its 2×668-megawatt (MW) coal-fired power plant in Bataan. Ayala Corp. disclosed yesterday GNPD has made an initial drawdown under its financing documents to construct the first unit of its supercritical coal-fired…
AC Energy to double generation capacity by 2020
AC Energy Holdings Inc., the investment arm of the Ayala Group for the power sector, is eyeing to double its generating capacity by 2020 as it nears its 1,000-megawatt (MW) capacity target this year, according to its top official. The company is now setting a 2,000-MW goal in the next four years, a “next natural…
AC Energy secures additional funding for Lanao power plant
AC Energy Holdings Inc., the energy arm of Ayala Corp., and its partners have secured additional $200 million funding to construct the fourth unit of its 540-megawatt (MW) coal-fired power plant in Kauswagan, Lanao del Norte in Mindanao. Ayala Corp. disclosed yesterday GNPower Kauswagan Ltd. Co. “achieved financial close for the additional funding. GNPower Kauswagan…
Ayala sub seeks ERC approval for dedicated facility to Visayas grid
MONTE Solar Energy Inc.(Montesol), a joint venture between AC Energy and Bronzeoak Philippines, is seeking Energy Regulatory Commission (ERC) approval to build a P21.03-million dedicated interconnection facility that will connect its 15.3-megawatt (MW) solar-power facility to the Visayas grid. Read more here.
AC Energy mulls wind and solar expansions
AC Energy Holdings Inc. of the Ayala Group is considering building more renewable energy projects in the country after completing its wind and solar projects. It is looking at expanding its existing wind assets in the Ilocos area and potentially its existing solar assets in Negros when the 3rd round of the FIT is announced. Read…
AC Energy to meet 1,000MW target this year
AC Energy Holdings Inc. of the Ayala Group will hit its target of 1,000-megawatt (MW) attributable capacity this year, its top official said yesterday. Read more here.
Winnergy Holdings Corp. 