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August 5, 2022
Investors who took the risk of building solar farms without long-term customer contracts have enjoyed some record returns, offsetting previous tough times.
May 25, 2022
ACEN integrates BESS into Australia solar project By MYRNA M. VELASCO Ayala-led ACEN Corporation and its partner-firm UPC Renewables would be integrating a 50-megawatt/one-hour battery energy storage system (BESS) into its 720-megawatt peak (MWp) New England solar farm project in Uralla, Australia
May 25, 2022
Progress made in New South Wales at one of Australiaโs biggest co-located solar and energy storage projects as 50MW BESS begins construction.
March 22, 2022
AC Energy Corp. has completed the first tranche of its planned full acquisition of renewable energy (RE) platform UPC-AC Renewables Australia. In three separate disclosures to the stock exchange, the Ayala-led energy company said UPC Renewables Asia Pacific Holdings Pte. Ltd. (UPCAPH) and UPC-AC Renewables CEO Anton Rohner have signed…
October 19, 2021
Ayala-led AC Energy Corporation (ACEN) is acquiring for US$243.3 million the equity stake of its partner UPC Renewables Asia Pacific Holdings in their Australian corporate vehicle for renewable energy (RE) projects. In a statement to the media, the Ayala firm said it will acquire the 51.6 percent s
October 19, 2021
By 2025, AC Energy Corp.โs (ACEN) portfolio will be 100-percent renewable. On Tuesday, the power arm of conglomerate Ayala Corp. said the board approved this transition as part of the companyโs commitment to achieve net zero emissions by 2050. Net zero is a global movement to achieve zero net greenhouse…
February 15, 2021
Published February 15, 2021, 2:45 PM Ayala-led AC Energy and Infrastructure Corporation (ACEIC) and its Hongkong-headquartered partner UPC Renewables have engaged three foreign banks for the loans they have secured for the 400-megawatt(ac) first phase of their solar farm installation in New South Wales, Australia. In a statement to the media, the Ayala firm stated that the lenders to the project had been Westpac; Commonwealth Bank of Australia; and Bank of China. The loan amount had been at 619...
February 15, 2021
Commonwealth Bank Group is one of three banks partnering to provide construction financing of $212 million to UPCAC Renewables Australia for a new solar...