AC Energy invests PHP2.2bn for battery storage project in Laguna
AC Energy has signed a subscription agreement with its subsidiary Giga Ace 4 for the purchase of shares for a total of PHP2,000 million (US$45.35 million).
The investment will go towards the development of a 40 MW battery energy storage system (BESS) project in Alaminos, Laguna.
Country updates
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February 24, 2021
Highland Infrastructure appoints MEM as owner’s representative and technical advisor for 250 MW wind project in the Philippines
Modern Energy Management (MEM) has been appointed as owner’s representative and technical advisor for Highland Infrastructure’s flagship 250 MW wind project in the Philippines. On 27 Janu...
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February 22, 2021
Sustainable Infrastructure Income Fund surpasses EUR100 million
ThomasLloyd, one of the world’s leading specialist impact investors and providers of climate financing, has announced that its Sustainable Infrastructure Income Fund (SIIF) has surpassed EUR100...
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February 15, 2021
GIC acquires minority stake in AC Energy
AC Energy Philippines (ACEN) and its parent company, AC Energy and Infrastructure Corporation, have completed the transaction with Arran Investment Pte Ltd, an affiliate of GIC Private Limited, for GI...
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February 10, 2021
MHI to supply equipment for the 29 MW binary geothermal power plant in Albay
Turboden S.p.A., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Lombardy, Italy, and Mitsubishi Power, Ltd. have jointly received an order for 29-megawatt (MW) binary cycle power...
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November 24, 2020
San Miguel Corp to build 200 MW solar project in Bulacan
The San Miguel Corporation is set to build a 200 MW solar photovoltaic project in Bulacan the seeks to complement the New Manila International Airport in the area. The solar project will supply...
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