AC Energy Corp. said Monday it signed agreements over the purchase of the shares of UPC Philippines Wind Investment Co. BV and Stella Marie L. Sutton in their Philippine renewable energy companies and businesses for P4.5 billion. Read for more👇
BV and Stella Marie L. Sutton in their Philippine renewable energy companies and businesses for P4.5 billion.
NLR is a joint venture of UPC Philippines Holdco I B.V., ACEN and Luzon Wind Energy Holdings B.V., while Bayog Wind is a joint venture between ACEN through subsidiary ACE Endevor Inc. and UPC Philippines Holdco II B.V. The company will also acquire the 40-percent ownership interest of UPC Philippines in BWPC, consisting of 4,165 common shares with a par value of P100 per share.
Buduan Wind, Pangasinan UPC , Caraballo Mountains UPC and Sapat Highlands are non-operating, development special purpose vehicles. Laguna Solar has 1,500-MW in the pipeline. Alena Mae S. Flores
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