Philippines conglomerate Ayala Corporation is eyeing entry into the US onshore wind market through a partnership with two renewable energy firms.
Its ACEN subsidiary plans to work with renewables developer UPC Solar & Wind Investments LLC and Chicago-based Pivot Power Management to buy and repower US wind farms.
UPC is already working to develop wind and solar projects through a 50:50 joint venture with Ayala in Australia. Pivot provides financial services for companies in the renewables industry.
In the US, the partners plan to “primarily seek to boost the energy yield of the assets by improving the operating performance and extending the operating life of the various wind projects”. They plan to do this by upgrading and replacing key components on projects, ACEN added.
The partners have not yet disclosed the ownership structure of any projects they might acquire, or how much capacity they will look to buy, or whether repowering will result in a boost to nameplate capacity.
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