The energy unit of Ayala Corporation and its partners are developing wind power projects to the extent of 200 megawatts (MW) in Ilocos Norte.

In an e-mailed statement Monday, the company said AC Energy Holdings Inc. signed deals covering an investment framework and a shareholders’ agreement with UPC Philippines Wind Holdco I B.V.—a wholly owned unit of UPC Renewables Partners (UPC) and the Philippine Investment Alliance for Infrastructure (PINAI) fund—to develop renewable energy projects.

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