Sunday 23 September
Powered by Ajaxy
Nov 22, 2016 @ 15:40

Ayalas increase stake in NorthWind Power

 

The power unit of conglomerate Ayala Corp. has raised its stake in the company that developed the country’s first commercial wind farm to 67.79 percent.

AC Energy Inc., through wholly-owned unit Pressage Corp., acquired an additional 17.79 percent stake in NorthWind Power Development Corp., which owns and operates the 52 megawatt Bangui wind project in Bangui, Ilocos Norte.

NorthWind is the pioneer in the wind sector. It also has a renewable energy service contract for a wind energy project in Aparri, Cagayan.

AC Energy first acquired a 50 percent stake in NorthWind in 2011. It has investments in the development of conventional as well as solar, wind, and minihydro energy sources.

Tags: , , , , , , ,

Related Stories
President Rodrigo Duterte slammed the local airline industry, dominated by Lucio Tan's Philippine Airlines and
Albee Benitez's official net worth pierced the P1 billion level as he became the third
Cruise tourist arrivals have surged by nearly 2,000 percent in January this year.
Smart Communications Inc. said it remains committed to deploy fast and reliable internet connectivity in


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.