Targets 1000MW RE capacity by 2020AC Energy Holdings (AC Energy), the energy arm of Ayala Corp., is scaling up its renewable energy (RE) assets after the company signed definitive documents to acquire 100 percent ownership of Bronzeoak Clean Energy (BCE) and San Carlos Clean Energy (SCCE). The platform currently provides operations and management support services to a number of renewable energy generation companies that include San Carlos Solar Energy Inc., Negros Island Solar Energy (Islasol, Monte Solar Energy (Montesol), San Carlos BioPower, South Negros BioPower, and North Negros BioPower. With this strong platform, I believe that AC Energy can scale up its renewable energy portfolio to 1,000MW by 2020,” AC Energy President and CEO Eric Francia said. Last year, AC Energy reached its target capacity of 1,000 megawatts (MW) and is now positioned to deliver an additional 1,000 MW of mostly renewable energy by 2020. It can be recalled that AC Energy recently acquired the geothermal assets of Chevron in Indonesia and the Philippines.

Source: Manila Times March 17, 2017 17:03 UTC