40227
AC ENERGY, INC.
Feb 11, 2019
Viet Nam
East Asia and the Pacific
Jan 29, 2019
B - Limited
Completed
May 2, 2024
Regional Industry - INF Asia & Pac
Infrastructure
Approved : Jan 29, 2019
Signed : Jan 31, 2019
Invested : Feb 12, 2019
Renewable Energy Holding Companies
AC Energy, Inc. (“ACE” or the “Company”) is a wholly-owned subsidiary of Ayala Corporation (“Ayala”) in the Philippines that engages in power generation. Since 2011, ACE has invested around US$1 billion in the power sector in the Philippines, Indonesia and, more recently, in Vietnam and Australia. It currently co-owns ~4GW (~1.8GW pro-rata share) of generation capacity in operation or under construction, including thermal, wind and solar assets in the Philippines, wind and geothermal assets in Indonesia, as well as solar assets in Vietnam.
IFC will make an anchor investment of US$75 million in the total US$300 million 5-year green bond (the “Green Bond”) public issuance by AC Energy Finance International Limited (the “Issuer”), a Cayman Islands wholly-owned subsidiary of ACE, listed on the Singapore Exchange. ACE will guarantee the Green Bond. The proceeds of the Green Bond will be used as ACE’s equity and development capital for its renewable energy (“RE”) projects in the Philippines, Indonesia, Vietnam, Australia, and in other countries where ACE may operate. IFC’s subscription to the Green Bond would be dedicated to RE projects in Vietnam only.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Louis Baui
Address: 4/F 6750 Building, Ayala Avenue, Makati City, Metro Manila, Philippines
Telephone no.: +632 908 3032
Fax: +632 751 6511
Email: baui.lp@acenergy.com.ph