AC Energy Holdings Inc. (Acehi) has partnered with UPC Philippines Wind Holdco I B.V. for the development of several wind power projects in Ilocos Norte, with an initial equity investment of $220 million for 81 megawatts (MW).

The holding company for Ayala Corp.’s power investment announced that it just signed an investment framework agreement and shareholders’ agreement with UPC Philippines Wind to develop wind power projects in Ilocos Norte through their joint venture firm Northern Luzon UPC Asia Corp. (NLUPC).

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