News and Updates

27

Apr 20
North Luzon Renewables extends help to indigenous communities in Ilocos Norte

AC Energy subsidiary North Luzon Renewables mobilized relief efforts for the Yapayao community in response to the COVID-19 pandemic. To help indigenous people overcome the challenges, NLR donated 2,110 kilos of rice to the Yapayao tribe in Pagudpud. The donations were personally received by Caunayan and Dampig council of elders. Ben Wallace in his book […]

14

Mar 20
North Luzon Renewables Welcomes League of Vice Governors

North Luzon Renewables (NLR) hosted a familiarization tour of the wind farm in Pagudpud, Ilocos Norte for the League of Vice Governors of the Philippines last March 13. Thirty-three governors were welcomed by NLR president Gabino Ramon M. Mejia at the wind farm’s Visitors’ Center, where a brief presentation about renewable energy, corporate social responsibility […]

28

Feb 20
Ayala unit funds acquisition of Ilocos Norte wind farm

AC Energy Philippines, Inc. is subscribing to the shares of Giga Ace 1, Inc. to allow the subsidiary to fund its acquisition of the ownership interest of an equity fund in a wind farm in Ilocos Norte. In a disclosure to the stock exchange, the Ayala-led company’s arm for local energy projects placed the number […]

05

Feb 20
AC Energy gets PCC nod to buy wind farm in Ilocos Norte

AC Energy Philippines Inc. of the Ayala Group said it received an approval from the Philippine Competition Commission to acquire Philippine Investment Alliance for Infrastructure’s stake in North Luzon Renewables Energy Corp., which owns and operates an 81-megawatt wind farm in Pagudpud, Ilocos Norte valued at P2.7 billion. AC Energy Philippines said in a disclosure […]

08

Nov 19
AC Energy ups stake in wind farm for P2.7b

AC Energy Philippines Inc. of Ayala Corp. will purchase the stake of Philippine Investment Alliance for Infrastructure in North Luzon Renewables Energy Corp., which owns and operates an 81-megawatt wind farm in Pagudpud, Ilocos Norte, for P2.7 billion, subject to adjustments. “With this acquisition, the company will increase its effective interest in North Luzon Renewables, […]