AC Energy, Ayala Corp.’s energy-holding company, is looking at more renewable-energy (RE) investment opportunities in the Asia-Pacific region to achieve a balanced mix of its renewables and thermal portfolios by 2025.

In an interview, AC Energy President Eric Francia said the company would need to seal “a lot” of partnerships to achieve its goal—a 50-50 split between thermal and RE.

“It’s going to be a lot. I think we still need at least one major market or partner for RE for us to be on track. Right now, we are on track; it’s just to be even more comfortable we’re looking at one more major market,” Francia said.

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