AC Energy and UPC partnership strengthens renewable energy portfolio in Asia-Pacific

UPC-AC Energy Solar, is a new joint venture company between AC Energy, Ayala’s energy platform and UPC Solar Asia Pacific, UPC Renewables’ solar energy platform for the development, construction and operations of solar projects in the Asia- Pacific region.

UPC-AC Energy Solar, is a new joint venture company between AC Energy, Ayala’s energy platform and UPC Solar Asia Pacific, UPC Renewables’ solar energy platform for the development, construction and operations of solar projects in the Asia- Pacific region.

The joint venture company targets the construction of a portfolio of over 1GW in the next few years, with an initial focus on India, South Korea and Taiwan. AC Energy is investing US$ 20 million via a development loan to finance the development of this pipeline and expects to provide all the construction equity required for these projects.

Brian Caffyn, chairman of UPC Renewables said the group is very excited with the new partnership with AC Energy as they continue to work together to expand their footprint in the region. The new investment would enable the group to accelerate development of projects in the region. “As partnerships and growth opportunities arise, we are always looking at ways to significantly scale up our renewable energy portfolio. AC Energy has always been focused on large-scale projects and is managed by a high-quality management team. We are grateful for their continuous support to the UPC group,” said Caffyn.

Patrice Clausse, Chief Operating Advisor of AC Energy and Director of AC Renewables International, believes that the company is on its way to achieve a balanced energy mix. “AC Energy is very excited to invest in another partnership with UPC Renewables. Our move to enter into a large and bankable solar market like India is consistent with AC Energy’s goal to exceed 5,000 MW by 2025, with at least 50% to be sourced from renewables,” remarked Clausse.

Pranab Kumar Sarmah, CEO of UPC-AC Energy Solar and co-founder of UPC Solar Asia Pacific, meanwhile, lauds the revitalized partnership. “We are pleased to have AC Energy as our joint venture partner at a crucial point when UPC Solar is ready to accelerate construction activities of its pipelines and continue its humble journey to reduce carbon footprint. We aim to make this partnership a competitive regional solar project development and asset management platform.”

UPC Renewables’ and AC Energy’s partnership started in 2013 for the development, construction, and operations of North Luzon Renewables, an 81-MW wind farm project in Pagudpud, Ilocos Norte, Philippines. In January 2017, the two groups invested in PT UPC Sidrap Bayu Energi, developer of a 75-MW wind farm in South Sulawesi, Indonesia.

###

###

UPC-AC Energy Solar is a 50-50 joint venture company between AC Energy (through AC Renewables International Pte. Ltd.), and UPC Renewables (through UPC Solar Asia Pacific Limited) for the development, construction and operations of solar projects in the Asia- Pacific region.

About AC Energy
AC Energy is the energy platform of Ayala, one of the largest business groups in the Philippines.
AC Energy is one of the fastest growing energy companies with over $1 billion of invested and committed equity in renewable and thermal energy in the Philippines and around the region.
The company aspires to exceed 5 GW of attributable capacity and generate at least fifty percent of energy from renewables by 2025. www.acenergy.com.ph

About UPC Renewables:
UPC Renewables is a leading renewable energy developer in the Asia Pacific region with offices in Australia, China, Hong Kong SAR, India, Indonesia, Philippines, South Korea, Taiwan, and Vietnam. UPC Renewables is established in 1995 and active in Asia since 2006, operates 13 offices globally, with 11 offices in 8 countries throughout the Asia-Pacific region. UPC-formed companies have developed more than 73 operating wind and solar projects with a total installed capacity of 4,500 MW and an investment value of over US$8.4 Billion. www.upcrenewables.com

Comments (45)

Hey I am so grateful I found your weblog, I really found you by error, while I was researching on Askjeeve for something
else, Nonetheless I am here now and would just like to say kudos for a remarkable post and a all round entertaining blog (I also love the theme/design), I don’t have
time to read through it all at the minute but I have bookmarked it and also
included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the excellent job.

That is very attention-grabbing, You are an overly skilled blogger.
I’ve joined your feed and sit up for in search of extra of your
wonderful post. Additionally, I’ve shared your website in my social networks

I have read so many articles on the topic of the blogger lovers
except this paragraph is really a nice paragraph, keep it up.

I really like your blog.. very nice colors & theme. Did you
make this website yourself or did you hire someone to do it for you?
Plz answer back as I’m looking to create my own blog and would like to find out
where u got this from. thanks a lot

whoah this blog is excellent i love studying your posts. Keep up
the good work! You understand, a lot of persons are hunting round for this information, you could
help them greatly.

I loved as much as you will receive carried out right here.
The sketch is attractive, your authored subject matter stylish.
nonetheless, you command get bought an shakiness
over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly a lot often inside
case you shield this increase.

I believe this is among the most vital information for me.
And i’m glad studying your article. But want to remark on few normal issues, The web site
style is great, the articles is really nice : D. Just right job,
cheers

I’m not sure exactly why but this website is loading extremely slow for me.
Is anyone else having this problem or is it a issue on my end?
I’ll check back later on and see if the problem still exists.

Hello! Would you mind if I share your blog with my twitter group?

There’s a lot of folks that I think would really appreciate your content.
Please let me know. Many thanks

This is a topic that is close to my heart…
Take care! Where are your contact details though?

Quality articles is the crucial to interest the users to pay
a visit the web site, that’s what this site is providing.

Very nice article, totally what I needed.

Very quickly this site will be famous among all blog users, due to it’s pleasant articles or reviews

Great article! This is the kind of information that are meant to be shared around the net.

Disgrace on Google for not positioning this publish higher!
Come on over and seek advice from my site .
Thanks =)

I’ve been browsing online more than 3 hours as of
late, but I by no means discovered any fascinating article like yours.
It’s beautiful price enough for me. Personally, if all website owners and bloggers made just right content as you did, the net shall
be much more helpful than ever before.

Hello there, just became alert to your blog through Google, and found that it is really informative.
I’m gonna watch out for brussels. I will appreciate if you continue this in future.
A lot of people will be benefited from your writing.
Cheers!

I am really happy to read this blog posts which carries lots of valuable
facts, thanks for providing these kinds of statistics.

What’s up, everything is going perfectly here and ofcourse
every one is sharing data, that’s in fact fine, keep up writing.

I always used to read post in news papers but now
as I am a user of internet therefore from now I am using net for articles, thanks to web.

I don’t even know how I ended up here, but I thought this post was great.
I do not know who you are but definitely you’re going to a famous
blogger if you aren’t already 😉 Cheers!

What a information of un-ambiguity and preserveness of valuable know-how about unexpected feelings.

You’ve made some really good points there. I checked on the web for more info about the issue and found most individuals will go along with your views on this website.

Hello, I enjoy reading through your post. I wanted to write a little comment to support you.

Pretty nice post. I just stumbled upon your
blog and wanted to say that I’ve really loved surfing around your weblog posts.
After all I’ll be subscribing on your rss feed
and I hope you write once more soon!

Thanks for sharing your thoughts about asksylphoflight.
Regards

Very good post! We are linking to this great post on our website.

Keep up the good writing.

Hello, recognition you in spite of facts! I repost in Facebook

Hurrah! After all I got a weblog from where I be able to in fact take
valuable information concerning my study and knowledge.

When I initially commented I clicked the “Notify me when new comments are added” checkbox and
now each time a comment is added I get four e-mails with the same comment.
Is there any way you can remove me from that service?
Thanks!

I’m not that much of a online reader to be honest but your blogs really nice, keep
it up! I’ll go ahead and bookmark your website to come back later.

Cheers

Hello to all, the contents present at this site are in fact amazing for people experience, well, keep up
the good work fellows.

Hello, tender thanks you looking for tidings! cialis vs viagra http://viapwronline.com I repost in Facebook.
natural viagra

This is a same important post. Thanks for posting this.

What do you over almost my website: https://firmacrearesitewebdesign.blogspot.com/

This is a to a great extent important post. Thanks instead of posting this.

What do you believe almost my website: https://crearesitedeprezentaree.blogspot.com/

This is a to a great extent signal post. Thanks for posting this.

What do you over nearby my website: https://serviciiwebdesignx.blogspot.com/

This is a truly important post. Thanks as a service to posting this.

What do you believe about my website: creare site web bucuresti

This is a very important post. Thanks quest of posting this.

What do you think close by my website: https://crearesitewebbucurestix.blogspot.com/

Hello, thank you http://cialisxtl.com in discomfit of tidings! tadalafil vs cialis
when will generic viagra be available

I read this article fully concerning the difference of newest and previous technologies,
it’s awesome article.

Cialis cheapest cialis web prices real cialis online with paypal

Pretty! This was an incredibly wonderful article.
Thanks for providing this information.

constantly i used to read smaller articles or reviews that
also clear their motive, and that is also happening with this paragraph which I
am reading now.

I loved your blog post.Thanks Again. Will read on…

My developer is trying to convince me to move to .net from PHP.
I have always disliked the idea because of the expenses.
But he’s tryiong none the less. I’ve been using Movable-type on numerous websites for about
a year and am worried about switching to another
platform. I have heard excellent things about blogengine.net.
Is there a way I can import all my wordpress content into it?
Any kind of help would be greatly appreciated!

Leave a comment