AC Energy Corporation (ACEN) #45266

Created at
2024-01-31
Last update
2024-10-16

1 Parents (Involvements as child)

ID
42073
Name
Ayala Corporation (AC)
Country of registration/origin
Philippines
Classification
Stock-exchange listed company
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Comment
No data source sharing the specific amount of shares owned by AC for ACEN

9 Children (Involvements as parent)

ID
45306
Name
Negros Island Solar Power Inc. (IslaSol)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Ownership share
60.00 %
Comment
ISLASOL II was built for Negros Island Solar Power Inc. (iSLASOL), a joint venture between Bronzeoak Philippines and the Philippine Investment Alliance for Infrastructure (PINAI), a fund managed by Macquarie Infrastructure Management (Asia) Pty Limited that is dedicated to providing equity investments in Philippine infrastructure. However, in December 4,2019 AC Energy acquired Islasol for Php 3.9billion and also bought the share of PINAI for Php 1.1 billion
ID
45969
Name
Monte Solar Energy Inc. (MonteSol)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
ID
46299
Name
Guimaras Wind Corporation (GWC)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
ID
46600
Name
NorthWind Power Development Corporation
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
ID
46686
Name
North Luzon Renewable Energy Corp.
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Ownership share
67.00 %
ID
46687
Name
Bayog Wind Power Corpation (BWPC)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
On Wednesday, the Ayala-led firm said it will also be raising its ownership in Bayog Wind Power Corp. to 100% from the previous 85%. Bayog Wind operates the 160-MW Pagudpud wind farm, which is under development.
ID
46699
Name
SolarAce1 Energy Corporation (SolarAce1)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
ID
46764
Name
GIGASOL3, INC.
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
AC Energy Philippines (ACEN) is the owner and developer of Gigasol 3 Solar Farm Project through its subsidiary, Gigasol3, Inc
ID
46774
Name
Sinocalan Solar Power Corp, (SSPC)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
Ayala-led ACEN Corporation has executed a share purchase agreement with Sungrow Power Renewables Corp. and Havilah AAA Holdings Corp., a company behind a 60-megawatt-peak (MWp) solar plant in Pangasinan. According to ACEN’s Philippine Stock Exchange (PSE), the agreement involves the sale and purchase of Sungrow and Havilah’s shares and/or subscription rights in Sinocalan Solar Power Corp, (SSPC) to ACEN. Once the acquisition is completed, ACEN will fully own SSPC, which will add 60 MW of renewable energy capacity to its portfolio.