AC Energy looking for more RE projects among neighbors

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…

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 energy unit doubles investment target to P80 B

AC Energy Holdings Inc. is preparing to double its commitment in the power sector to nearly P80 billion through expansion of existing assets, acquisitions or partnerships, and greenfield projects here and abroad to reach its target portfolio of 2,000 megawatts (MW) by 2020. By then, AC Energy hopes to become a major contributor to its…

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…

3 local groups eye Chevron geothermal assets

At least three big local conglomerates are looking at buying the domestic geothermal assets of American energy giant Chevron, which is seen unloading its Philippine and Indonesian geothermal units to focus on its core oil and gas businesses. Ayala Corp., Lopez-led Energy Development Corp. and Aboitiz Equity Ventures are studying the geothermal assets of Chevron. Read…

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.