AC Energy subsidiary hikes ownership in NorthWind to 68%

AC Energy Holdings Inc., through its unit Presage Corp. (Presage), has increased its stake in NorthWind Power Corp. (NorthWind) to 67.79 percent. “AC Energy Holdings Inc., through its wholly owned subsidiary Presage Corp., acquired an additional 17.79-percent stake in NorthWind Power Development Corp., increasing AC Energy’s effective ownership interest in NorthWind from 50 percent to…

Govt set to limit renewable energy plants per power grid

The Energy Department may limit the exposure of renewable energy sources in areas where there are transmission line constraints, an official said over the weekend. Energy assistant director Mario Marasigan told reporters at the sidelines of the recently-concluded Solar Summit the department was trying to avoid duplicating the situation in Negros island where there was…

LTG eyes stake in Alternergy’s Sembrano wind farm

The Lucio Tan Group is eyeing to expand its renewable energy portfolio through a partnership with Alternergy Philippines Holdings Corp., an energy company chaired by former energy secretary Vince Perez. In a briefing yesterday, LTG president Michael Tan said the company wants to expand into wind energy through a stake in the Alternergy’s 80-megawatt  (MW) Sembrano…

Gamesa, Siemens merge wind power businesses

Spanish renewable energy group Gamesa and German engineering giant Siemens said Friday they have agreed to combine their wind power businesses to create one of the world’s largest makers of wind turbines. The announcement followed months of negotiations between the two companies and it comes as demand for wind power surges with countries developing more renewable…

Alternergy eyes 80MW wind farm in Laguna

Alternergy Philippine Holdings Corp. is drawing up plans for an 80-megawatt (MW) wind farm in the Sembrano mountain range in Laguna province, which will be an expansion of the 54-MW Pililla wind farm and is eyed under the third round of Feed-in Tariff (FIT) for wind.  The company is tapping anew Equis Funds Group for the $180…