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.
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.