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AC Energy and BIM Group’s JV Tops List of Best Clean Energy Companies

Power News - Published on Wed, 12 Feb 2020

Image Source: AC Energy BIM Group
AC Energy, Ayala Corporation’s energy arm, and the BIM Group of Vietnam’s renewable energy development platform recently bagged top ranking as one of Vietnam’s leading clean energy companies, as announced by the Vietnam Energy Magazine. BIM/AC Renewables’ first project, the 330 MW solar farm in Ninh Thuan, is a pioneering development of its scale in Southeast Asia. It was inaugurated in April 2019. The independent evaluation accounted for the scale of renewable energy investment, adherence to global clean energy trends, technology and equipment used, factors to promote clean energy development and others, as main criteria.

AC Energy is expanding beyond the Philippines, and has identified Vietnam, Indonesia, Australia and others as key target markets, with expansion plans that will complement existing renewable energy projects in the Philippines.

As of November 2019, AC Energy has a net attributable capacity of over 1,600 MW, of which 600 MW is from renewable sources. As one of the fastest growing energy companies with over US$1 billion of invested and committed equity in renewable and thermal energy in the Philippines and around the region, AC Energy aspires to achieve 5 GW of attributable renewable energy capacity, and generate at least 50 percent of total energy output from renewables by 2025.

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Posted By : Arun Huidrom on Wed, 12 Feb 2020
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