UPC Renewables, Ayala subsidiary and an Infrastructure Fund invest in JV company for wind power projects

July 15, 2013

UPC Philippines Wind Holdco B.V., a wholly owned company of UPC Renewables Partners, AC Energy Holdings, Inc., the energy unit of conglomerate Ayala Corporation, and Philippine Investment Alliance for Infrastructure (PINAI) entered into an Investment Framework and Shareholders’ Agreement for the development of wind power projects with a capacity of at least 200-MW in Ilocos Norte, Philippines.

PJS Law represents UPC Renewables. The team is headed by Energy partner Monalisa C. Dimalanta, Tax partner Virginia B. Viray and Senior Associate Pearl Grace G. Cabali.

Source: Philippine Daily Inquirer, Philippine Star