{"id":147865,"date":"2018-01-21T22:56:19","date_gmt":"2018-01-22T03:56:19","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=147865"},"modified":"2018-01-21T22:56:19","modified_gmt":"2018-01-22T03:56:19","slug":"ayala-restructures-energy-business","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/01\/21\/ayala-restructures-energy-business\/","title":{"rendered":"Ayala restructures energy business"},"content":{"rendered":"<figure id=\"attachment_147868\" aria-describedby=\"caption-attachment-147868\" style=\"width: 250px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/fernando-zobel-de-ayala-th.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-147868\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/fernando-zobel-de-ayala-th.jpg\" alt=\"Fernando Zobel de Ayala (Photo by Ayala Corporation Energy and Infrastucture Group)\" width=\"250\" height=\"300\" \/><\/a><figcaption id=\"caption-attachment-147868\" class=\"wp-caption-text\">Fernando Zobel de Ayala (<a href=\"http:\/\/www.ayala-energyinfra.com\/about-us\/board-of-directors\/\">Photo by Ayala Corporation Energy and Infrastucture Group<\/a>)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; Conglomerate Ayala Corp. said Friday it is restructuring its energy business to create two wholly-owned platforms for renewable energy and thermal energy.<\/p>\n<p>Ayala told the local bourse it would retain AC Energy as its umbrella brand for its energy group of companies, which would primarily consist of AC Renewables Inc. and ACE Thermal Inc.<\/p>\n<p>\u201cAC Energy has scaled up rapidly over the last five years, and we believe that having these two exciting platforms will enable focused strategies and accelerate our growth,\u201d said AC Energy Chairman Fernando Zobel de Ayala.<\/p>\n<p>AC Energy is Ayala Group\u2019s business arm in the energy sector, with investments in renewable energy and conventional power plants.<\/p>\n<p>\u201cWe recognize that renewables and conventional power are two distinct businesses that attract different types of investors. This move therefore provides AC Energy a sharper proposition and greater flexibility in the event that we broaden our investor base for our platforms,\u201d added Eric Francia, AC Energy\u2019s Chief Executive Officer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Conglomerate Ayala Corp. said Friday it is restructuring its energy business to create two wholly-owned platforms for renewable energy &hellip;<\/p>\n","protected":false},"author":33,"featured_media":147868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[44211,44210,44212],"class_list":["post-147865","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ac-energy","tag-conglomerate-ayala-corp","tag-fernando-zobel-de-ayala","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/147865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=147865"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/147865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/147868"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=147865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=147865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=147865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}