Philippines: AC Renewables Inc. is New Name for Ayala Group Renewable Energy Business

Ayala scales up RE bid with new holding firm (inquirer.net)

The Ayala group yesterday announced it was restructuring its energy business with the creation of a holding company named AC Renewables Inc.

In a statement, Ayala Corp. said the restructuring would also result in the renaming to ACE Thermal Inc. of their holding firm related to conventional power projects.

In 2016, AC Energy began to expand regionally with its first two investments in Indonesia: Sidrap wind and Salak-Darajat geothermal plants.

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From the Global Geothermal News archives:

• Thursday, January 19, 2017 - Philippines: Ayala Will Use Foreign Financing to Buy Chevron's Geothermal Assets