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: Ayala Corp.
Ayala buys 2 renewable energy firms
Conglomerate Ayala Corp. has scaled up its renewable energy portfolio with the acquisition of 100 percent of solar energy firm Bronzeoak Clean Energy and San Carlos Clean Energy. The acquisition is seen to provide the group’s energy development arm AC Energy with a renewable energy development, management and operations platform with a track record of…
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…
Winnergy Holdings Corp. 