AC Energy approves financing for P10 billion renewable projects

AC Energy Philippines Inc has cleared financing for its solar and wind projects worth P10 billion, slated for construction early next year. …

As per AC Energy Philippines, its board has approved to fully finance the construction of a solar plant project to be built in Arayat and Mexico, Pampanga worth P3.33 billion through a secured loan. The Pampanga solar farm, a 50-50 joint venture with Citicore Renewable Energy Corporation, would have a capacity of up to 75 MW. The facility is expected to start generating power in the fourth quarter of 2021. Meanwhile, the company’s board also cleared 70 percent of financing for the P7.48-billion wind farm project in Pagudpud, Ilocos Norte.

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