pv

AC Energy and UPC Partner to Strengthen Renewable Energy Portfolio in Asia-Pacific

0
UPC-AC Energy Solar is a new joint venture between AC Energy, and UPC Solar Asia Pacific, UPC Renewables’ solar energy platform, for the development, construction and operations of solar projects in the Asia- Pacific region.
AC Energy and UPC Partner to Strengthen Renewable Energy Portfolio in Asia-Pacific
Courtesy of AC Energy

The company is aiming for the building 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  $ 20 million 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.

 “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.

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.

Patrice Clausse, Chief Operating Advisor of AC Energy and Director of AC Renewables International, said, “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 percent to be sourced from renewable.”

 

Add a comment
Subscribe!
Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).