AC Energy to spend up to $200M in venture to develop large-scale projects across Asia

AC Energy Corp. (ACEN) is set to invest up to $200 million in a joint venture with Germany-led ib vogt to develop large-scale projects in Asia Pacific, the Ayala-led firm announced Monday.

ACEN said the venture targets a minimum operational capacity of 1,000 megawatts over the coming years, stemming from ib vogt's Asia development pipeline of over 5,000 megawatts slated for construction this year.

This was mirrored by ib vogt Chief Executive Anton Milner, who welcomed the partnership, saying it would boost the shift to renewable energy in the region. "This platform will complement our global strategy of developing a diversified portfolio of high quality assets," Milner added.

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