Ayala’s power unit AC Energy Holdings Inc signed definitive documents to sell all of its ownership stake in each of QuadRiver Energy Corp, Philnew Hydro Power Corp, and PhilnewRiver Corp to Sta. Clara Group Inc.
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The acquisition is seen as a major milestone for AC Energy as it scales up its renewable energy platform and establishes its presence in Indonesia.
Among the oil and gas sub-sectors, exploration and production assets accounted for almost half of asset sales by value and 42 per cent by volume between 2014 and Q1 2016.
The facility will be capable of processing and converting up to 3,000 metric tons per day of the city’s solid waste into 42MWe of renewable energy ― enough to power between 60,000 to 90,000 homes.
Ayala Corp has boosted anew its power generation assets after acquiring Bronzeoak Clean Energy, a top developer of clean energy projects in the Philippines.
It exceeded its original $2b target in just over seven months
The Asian Development Bank (ADB) has signed a financing package of up to $100.5 million with China’s Dynagreen Environmental Protection Group (Dynagreen), and 10 commercial banks to support Dynagreen’s clean Waste-to-Energy (WTE) projects. All groups signed the agreement on Tuesday (February 28) in addition to an A-loan of up to $100 million… Read more »
Lifebrandz will continue to search for new business ventures after recent termination of acquisition, Loyz Energy issues 465.87 million new shares at S$0.0260 a piece and Global Logistics Properties completes evaluation of various non-binding proposals.
The bidding groups comprised of local and foreign investors.
Actis wants to repeat the success of its existing Indian renewable energy platform Ostro Energy.