- | $ACEPH will invest $1.5B for projects in Australia, Vietnam & new markets |
- | The power plant projects would be predominantly renewables |
- | AC Energy has existing solar farms in Vietnam |
| Going offshore |
Ayala- Led AC Energy, Inc. is setting aside the bulk of the $1.5 billion shored up from recent capital-raising activities for projects in the Philippines, Australia and Vietnam, while looking at India and Myanmar as new markets.
Eric T. Francia, AC Energy president and chief executive officer, said 2020 would be a “massive investment year” for the company as it expands into foreign countries, in part because of the near-term supply adequacy in the country.
Business World
December 10, 2019 1:42 pm
