AC ENERGY Holdings, Inc. is transforming itself into a regional player in the energy sector, setting its sights on expanding in Indonesia and entering Vietnam.
“We are beginning to look at other Southeast Asian markets. Vietnam is something we are looking at,” said AC Energy President John Eric T. Francia in a briefing on Wednesday.
The move comes after AC Energy signed in January 2017 investment agreements with UPC Renewables Indonesia for the development, construction and operation of a 75-megawatt (MW) wind farm project in Sidrap, South Sulawesi, Indonesia.
Mr. Francia said the company is planning to further expand in Indonesia, adding there are “active discussion” with its partners for potential new projects in Indonesia.
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