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 GIC’s acquisition of an effective 17.5% ownership stake in ACEN for Php20 billion (US$416.6 million).
AlphaPrimus Advisors acted as financial advisor to ACEN and AC Energy for this transaction.
Country updates
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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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November 19, 2020
Total Eren partners up on 135 MWp Philippine solar project development
Total Eren has partnered with Mabalacat Solar Philippines Inc., a renewable energy corporation based in Manila, and Singapore-based Sindicatum Renewable Energy, to build a total of 135 MWp of utility-...
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August 25, 2020
AC Energy to develop 150 MW solar projects in Central Luzon
AC Energy Philippines, a subsidiary of the Ayala Corporation, is set to develop two new solar plants in Central Luzon with an aggregate capacity of up to 150 MW. The first project is a sol...
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August 24, 2020
Ayala plans to build two solar project in Pampanga and Zambales
AC Energy Philippines Inc., a subsidiary of Ayala Group has planned to build two solar projects with 150 MW total capacity located in Central Luzon, Philippines. AC Energy Philippines Inc., thr...
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