AC Energy and BIM Group’s JV tops list of best clean energy companies

In rankings of the top clean energy enterprises in Vietnam by the Ministry of Industry and Trade and the Vietnam Energy Association, BIM/AC Renewables joins the pack.


AC Energy, Ayala Corporation’s energy arm, and the BIM Group of Vietnam’s renewable energy development platform recently bagged top ranking as one of Vietnam’s leading clean energy companies, as announced by the Vietnam Energy Magazine.

BIM/AC Renewables’ first project – the 330 MW solar farm in Ninh Thuan – is a pioneering development of its scale in Southeast Asia. It was inaugurated in April 2019.

The independent evaluation accounted for the scale of renewable energy investment, adherence to global clean energy trends, technology and equipment used, factors to promote clean energy development and others, as main criteria.

Meanwhile, Patrice Clausse, Chief Operating Officer of AC Energy International, lauds the inclusion of BIM/AC Renewables as an affirmation of the company’s commitment to renewable energy and sustainability. “We are very pleased to be recognized as a leading contributor in the renewable energy sector of Vietnam and aid in its socio-economic development,” said Clausse.

Recently, AC Energy launched its inaugural US dollar-denominated senior perpetual fixed-for-life green bond issuance at an aggregate principal amount of US$400 million, the first US dollar denominated fixed-for-life green bond ever issued globally.

“With AC Energy’s green bond, we can further tap into green finance to support our sustainable growth in Vietnam and throughout the region, providing assurance to investors that our projects will benefit a low-carbon and climate resilient economy,” said Clausse.

AC Energy is expanding beyond the Philippines, and has identified Vietnam, Indonesia, Australia and others as key target markets, with expansion plans that will complement existing renewable energy projects in the Philippines.

As of November 2019, AC Energy has a net attributable capacity of over 1,600 MW, of which 600 MW is from renewable sources. As one of the fastest growing energy companies with over US$1 billion of invested and committed equity in renewable and thermal energy in the Philippines and around the region, AC Energy aspires to achieve 5 GW of attributable renewable energy capacity, and generate at least 50 percent of total energy output from renewables by 2025.