“In 2018, AC Energy doubled its renewables capacity to 500 MW as it entered the Vietnam market. AC Energy aims to scale up renewables to over 5,000 MW by 2025 as we expand across the region.” - Eric T. Francia, President and CEO
AC Energy is the energy platform of Ayala, one of the largest business groups in the Philippines. AC Energy is one of the fastest growing energy companies with ~US$2 billion of invested and committed equity in renewable and thermal energy in the Philippines and around the region.
From a strong local base, AC Energy is expanding rapidly around the region through strategic partnerships and greenfield initiatives. The company aspires to exceed 5 GW of renewables capacity and generate at least 50% energy output from renewables by 2025. In 2019, AC Energy’s power portfolio registered an attributable capacity of over 1.8 GW in operation and under construction, spanning projects in the Philippines, Indonesia and Vietnam.
The company increased its attributable energy output in 2019 by 25% to 3,500 Gigawatt hours, of which 50% came from renewable energy sources.
Bonds which are verified to conform with the Climate Bonds Standard are called Climate Bonds Certified Bonds. The Standard contains rigorous scientific criteria which are consistent with the 2 degrees Celsius warming limit as detailed in the 2015 Paris Agreement.
Therefore, Certified Climate Bonds have gone through a strict process to ensure that their assets and projects will contribute to a low carbon economy. In order to receive the Certified Climate Bonds stamp of approval a prospective issuer must appoint an Approved Verifier, who will supply an assurance report to say that the bond meets the Climate Bonds Standard’s requirements. The Climate Bonds Standard Board provides the final confirmation of all Climate Bond Certifications.
The Climate Bond Standard allows Certification of a bond prior to its issuance, enabling the issuer to use the Climate Bond Certification Mark in the bond marketing efforts and investor roadshows. After the bond has been issued and allocation of the bond proceeds has begun, the issuer must confirm the Certification by obtaining another assurance (the "post issuance") report and providing that to the Climate Bonds Standard Board.
In January 2019, AC Energy launches its first Climate Bond Certified, publicly listed USD green bond in South East Asia. Read more »
Ayala Corporation is one of the largest and most diversified conglomerates in the Philippines, with business interests in real estate, banking, telecommunications, water, power, infrastructure, industrial technologies, healthcare, and education. Its social commitment arm, Ayala Foundation, has programs that focus on education, youth leadership, sustainable livelihood, and the promotion of arts and culture. With headquarters in Makati City and operations mainly in the Philippines, it continues to grow its regional and global footprint, serving millions of customers across all market segments.
Learn more about Ayala → www.ayala.com.ph