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By 2025, AC Energy Corp.’s (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 company’s commitment to achieve net zero emissions by 2050. Net zero is a global movement to achieve zero net greenhouse…
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 million Australian dollars; while the joint venture (JV) partners committed equity of US$320 millio...
Commonwealth Bank Group is one of three banks partnering to provide construction financing of $212 million to UPCAC Renewables Australia for a new solar...