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AC Energy partners with ib vogt for solar projects in Asia

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ABS-CBN News

<p>MANILA - AC Energy on Monday said it would form a joint venture with German firm ib vogt for large-scale solar projects in Asia.</p><p>ACEN expects to invest $200 million in equity investment on top of debt funding, it said in a disclosure to the stock exchange.</p><p>The new venture aims to develop 1,000 MW in renewable capacity, &quot;with the potential for further expansion,&quot; it added.</p><p>ACEN said they would focus on late-stage projects in Indonesia, Vietnam, Laos, Bangladesh and other countries in the region.</p><p>&quot;We are very excited to partner with ib vogt as we set up a platform to continue building out our presence across the region together,&quot; ACEN International president and COO Patrice Clausse said. </p><p>ACEN is the listed energy platform of Ayala Corp while Berlin-based ib vogt in energy and battery storage projects, among others. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/01/25/21/ac-energy-buys-solar-philippines-unit-to-speed-up-planned-joint-venture">AC Energy buys Solar Philippines unit to speed up planned joint venture</a></li>	<li><a href="https://news.abs-cbn.com/business/02/23/22/ac-energy-powers-hybrid-solar-and-storage-project">AC Energy says powers country&#x27;s first hybrid solar and storage project</a></li>	<li><a href="https://news.abs-cbn.com/business/01/31/22/ac-energy-partner-begin-building-solar-plant-in-india">AC Energy, UPC Renewables begin construction of 3rd solar plant in India</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1666935" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

AC Energy on Monday said it would form a joint venture with German firm ib vogt for large-scale solar projects in Asia.