AC Energy President and CEO Eric T. Francia
The board of directors of AC Energy Philippines had green-lighted secured loan procurement of P3.33 billion to bankroll the blueprinted 75-megawatt solar farm installation that shall be sited in Arayat and Mexico, Pampanga.
Additionally, the company’s board had approved P7.48 billion worth of investments to be funneled into the planned 160MW Pagudpud wind farm project in Ilocos Norte.
The proposed facility, according to AC Energy President and CEO Eric T. Francia will be sited near the company’s existing 81MW North Luzon Renewable Energy Corp (NLREC) wind plant, that is also in Pagudpud.