AC Energy (ACEN) will invest $274 million or 14 billion pesos to fund wind and solar projects in the Philippines. ACEN is the listed energy platform of the Ayala Group.

The company plans to invest 7 billion pesos into Bayog Wind Power Corp. and Santa Cruz Solar Energy Inc. each for financing renewable energy projects of both companies.

Santa Cruz Solar is building a 283 MW solar farm in Zambales (255 km from Manila). This will be the largest solar farm in the Philippines and can each have a 700 MW capacity.