Ayala buys 2 renewable energy firms

Conglomerate Ayala Corp. has scaled up its renewable energy portfolio with the acquisition of 100 percent of solar energy firm Bronzeoak Clean Energy and San Carlos Clean Energy.

The acquisition is seen to provide the group’s energy development arm AC Energy with a renewable energy development, management and operations platform with a track record of successful project development.

The platform currently provides operations and management support services to a number of renewable energy generation companies that include San Carlos Solar Energy Inc., Negros Island Solar Energy Inc., Monte Solar Energy, Inc., San Carlos BioPower Inc., South Negros BioPower Inc., and North Negros BioPower Inc.

Read more here.

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