Ayala conglomerate’s renewable energy company ACEN told the Philippine stock exchange on the 13th that it will invest $250 million in India’s renewable energy business expansion in partnership with US company Bright Knight. A subsidiary of ACEN will support a renewable energy development project with a total power generation capacity of 1.2 GW, including a combined wind and solar power generation facility (maximum power generation capacity of 100 MW) planned by Bright Knight in Maharashtra. ACEN already owns a solar power plant in India as a joint venture. In addition to the United States, Bright Knight is planning a total of 23 GW of renewable energy development projects in the Asia-Pacific region, including India, Australia, the Philippines, and Bangladesh. (14th, Star)
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