AC Energy Inc. of the Ayala group has plunged into another offshore investment expansion this time with the 100-megawatt (140-megawatt peak) Sitara solar farm in India that would command capital outlay of US$68 million.
AC Energy Inc. of the Ayala group has plunged into another offshore investment expansion this time with the 100-megawatt (140-megawatt peak) Sitara solar farm in India that would command capital outlay of US$68 million.
The project will be Ayala groups another tie-up with Hongkong-based UPC Renewables, which is also using its subsidiary UPC Solar Asia Pacific, for this particular venture.
It will be the Ayala firms initial renewable energy investment in India, which is one of the energy markets it targeted for its 5,000MW RE portfolio buildup until year 2025.
See full article at Manila Bulletin
