C07797-2021

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 17, 2021
2. SEC Identification Number
39274
3. BIR Tax Identification No.
000-506-020-000
4. Exact name of issuer as specified in its charter
AC Energy Corporation
5. Province, country or other jurisdiction of incorporation
Makati City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
4th Floor, 6750 Office Tower, Ayala Avenue, Makati City Postal Code 1226
8. Issuer's telephone number, including area code
(02) 7730 6300
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 38,225,838,177
11. Indicate the item numbers reported herein
N/A

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

AC Energy CorporationACEN

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

ACEN and AMI inaugurate 252 MW wind farm in Vietnam
Background/Description of the Disclosure

• One of the largest wind farms in Vietnam
• Over 1,600 local jobs created
• Quang Binh wind farm will generate clean energy to supply to 270,000 homes and help avoid 580,000 tons of CO2 annually
• This is ACEN’s second wind project completed ahead of the Feed-In-Tariff deadline

17 November 2021 – ACEN, the listed energy platform of the Ayala Group, together with its partner AMI Renewables, have reached commercial operations for its 252 MW wind farm in Quang Binh, Vietnam.

The wind farm is one of the largest in Vietnam, expected to produce 648 GWh per year, enough to power 270,000 homes and help avoid 580,000 tons of CO2 annually. Its wind turbines stand at 145 meters in hub height, which allows the optimization of wind energy production.

This is the third joint project of ACEN and AMI Renewables following the 50 MW Khanh Hoa and 30 MW Dak Lak solar farms which started operations in 2019, and have since been contributing to Vietnam’s clean energy supply. The joint venture company also recently announced its plan for a pilot battery energy storage system in Khanh Hoa, Vietnam.

“The 252 MW Quang Binh wind farm plays a critical role in helping Vietnam achieve its renewable energy target, and is a testament to our ability to execute large scale developments amidst challenging times,” said Patrice Clausse, ACEN Head of International Group. “ACEN’s renewables growth continues to accelerate, and we are delighted to be part of Vietnam’s rapid development towards a more sustainable future.”

“We are fortunate to have strong support from the people and government of Quang Binh province, and to have completed the project on time. The project marks another important step towards AMI AC Renewables’ 1,000 MW renewables capacity target by 2025,” said Nguyen Nam Thang, AMI AC Renewables Board Director and CEO. “To be part of Vietnam’s energy transition to a net zero future has been a privilege as well as a challenge, but we – AMI AC Renewables – are keen to follow to reach the goal.”
Other Relevant Information

ACEN is the listed energy platform of the Ayala Group. The company has ~2,900 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia. The company’s renewable share of capacity is at ~80%, among the highest in the region.

ACEN’s aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5,000 MW of renewables capacity by 2025. On October 21, 2021, ACEN announced its commitment to achieve net-zero greenhouse gas emissions by 2050.

www.acenergy.com.ph

For inquiries and more information, please contact:
Irene Maranan
Head – Corporate Communications and Sustainability
Email: [email protected]
Filed on behalf by:
Name Alan Ascalon
Designation Vice President/ Asst. Corporate Secretary