Philippines' AC Energy Holdings inks $150m wind project in Indonesia

The Sidrap Project is expected to generate 75MW.

Philippines-based AC Energy Holdings, conglomerate Ayala Corp's energy arm, signed investment deals with UPC Renewables Indonesia to develop, build, and operate the $150m Sidrap wind project in South Sulawesi, Indonesia.

The Sidrap Project is Indonesia's first utility-scale wind farm project and is expected to generate 75MW. Completion is targeted before end-2017.

This is not the first time for UPC Renewables and AC Energy Holdings to work together on a project as both companies own North Luzon Renewable Energy Corp which operates the 81MW Caparispisan wind farm project in North Philippines.