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Ayala Corp's energy unit building second solar farm in India

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MANILA - Ayala Corp’s energy unit is building its second solar farm in India, the company said on Monday.

AC Energy said it is expanding its renewables business in India with the development of the 70 MWp Paryapt Solar plant through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia Pacific.

AC Energy said the project follows its estimated $68 million Sitara Solar plant in Rajasthan, its first major investment in India, which is expected to start operating in the same period.

 

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