Aboitiz Renewables acquires Bohol solar project - BusinessWorld Online

Aboitiz Renewables acquires Bohol solar project - BusinessWorld Online

ABOITIZ Renewables, Inc., a subsidiary of Aboitiz Power Corp. (AboitizPower), has acquired shares in a company developing a large-scale solar farm in Bohol for $8.55 million (P505 million). The unit bought 100% equity interest in Ubay Solar Corp., the developer of the 137-megawatt (MW) solar project, from Ignis Philippines Development, Inc., the energy company said in a regulatory filing on Monday. The acquisition followed Aboitiz Renewables’ ex…