CEO and Executive Chairperson, Ant Financial
In July, AC Energy’s green bond — the first US-dollar-denominated green bond listed in Southeast Asia — was topped up on the Singapore exchange, bringing the total amount raised to $470 million.
The bond is a crucial part of a push by AC Energy’s founder John Eric T Francia to integrate sustainability into the core of its business.
Francia established AC Energy in 2012 in response to what he saw as a significant energy infrastructure gap in his native Philippines. As a net importer of fossil fuels such as coal and oil, there is much momentum in the Philippines to develop renewable sources and gain greater-energy security.
As well as projects in Vietnam and Indonesia, AC Energy operates three solar-power projects and two wind farms in the Philippines.
In a further sign of the company’s backing of clean power, the company this year said it would divest all its coal interests in the country.
“With strong electricity growth and progressive renewables policies, we are very excited to pursue renewable energy opportunities around the region,” Francia tells Business Insider. “AC Energy aspires to become the largest listed renewables platform in Southeast Asia.”