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.
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