Commission Decision No. 04-M-030/2020:
In the Matter of the Proposed Acquisition by AC Energy Philippines, Inc.
of Shares in Philippine Wind Holdings Corp.

 

ABSTRACT: 

The proposed transaction is an acquisition by AC Energy Philippines, Inc. (ACEPH) of up to 100% of the shares of Macquarie Infrastructure Holdings (Philippines) Pte. Limited, Langoer Investments Holding B.V., and Government Service Insurance System in Philippine Wind Holdings Corp. (PhilWind)

ACEPH is a Philippine power generation company with retail electricity and wholesale electricity business. It was incorporated in 1969, where AC Energy, Inc. acquired a controlling stake in the company.

On the other hand, PhilWind is a holding company for renewable energy and the majority shareholder of North Luzon Renewable Energy Corp., which in turn owns and operates an 81MW-wind farm in Pagudpud, Ilocos Norte.

Download (Commission-Decision-No-04-M-030-2020_AC-Energy-PH-Wind-Corp_28-January-2020.pdf)