Philippine Conglomerate Ayala Targets U.S. Wind Projects

Philippine conglomerate Ayala Corp. plans to acquire wind projects in the U.S. in line with a target to boost its renewable energy capacity to 5,000 megawatts by 2025.

Published on Bloomberg.com – April 26, 2022

Ayala unit ACEN got board approval to enter the U.S. renewable energy market through a partnership with UPC Solar & Wind Investments LLC and Pivot Power Management. They will acquire operating wind projects and extend their life through repowering, it said in a stock exchange filing.