AC Energy signs P4.5-b agreements to hike shares in Ilocos wind projects

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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