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…

526MW of solar projects make it to FIT

A TOTAL of 526 megawatts (MW) of installed solar power capacity made it to the race for Feed-in-Tariff (FIT) incentives, according to data released Tuesday by the Department of Energy (DOE).  The approved capacity was just half of the total 1,047.9MW endorsed by DOE for FIT incentives. The list included projects of listed firms and prominent…