Ayala, Yuchengco companies make headway in renewable energy projects

The power platforms of the Ayala and Yuchengco groups have made significant strides in the development of renewable energy projects here and overseas.

In a disclosure, Ayala Corp.’s ACEN said the construction of the 400-megawatt (MW) Stubbo Solar project in Australia had commenced after making a final investment decision.

ACEN, through subsidiary ACEN Australia Pty Ltd., signed the connection agreement with Australia-based infrastructure and energy services provider Lumea Pty Ltd. and executed a photovoltaic (PV) module supply contract this week.

The finalization and signing of the connection agreement with Lumea, it said, marked a “major step” in moving to this committed stage….

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