Ayala Corporation’s power generation arm, AC Energy, continues to reap global recognition as it bags the coveted “Green Project of the Year” award for its USD 410 million maiden Green Bonds at the recently concluded The Asset Triple A Infrastructure Awards 2020, which honors key institutions that have contributed to region’s economic growth and development. The award highlights AC Energy’s landmark Green Bonds, the first publicly syndicated Climate Bond Initiative-certified US$ Green Bonds in Southeast Asia, anchored by International Finance Corporation and the Asian Development Bank as key investors. The bonds are also aligned with the ASEAN Green Bond Standards.
This is the fifth industry distinction received by AC Energy from The Asset, having previously won awards for Renewable Energy Deal of the Year (Ninh Thuan Solar), Best Green Bond, Best Issuer for Sustainable Finance, and Best M&A Deal.
As of end Q2 2020, AC Energy had already allocated proceeds from the Green Bonds to 12 renewable energy projects spanning Vietnam, Indonesia and the Philippines, with a combined gross capacity of ~1,650 MW.
AC Energy continues to expand its renewables capacity, reaching over 1,200 MW with recent landmark milestones in the region: the development of Sitara Solar, a 140 MWp solar plant and the company’s first foray in India, and the construction of the 210 MW Quang Binh wind farm, set to be the biggest wind farm in Vietnam.
Source : STRATEGIC RESEARCH INSTITUTE, STEELGURU
