AC Energy, Zabaleta Group sell stake in Visayas biomass projects
AC Energy Corp. (Acen) along with the Zabaleta group have divested their minority shareholdings in three biomass-fed power projects in the Visayas as part of moves by the Ayala group to concentrate on their core renewable energy projects—solar and wind. The three projects are the 20-megawatt San Carlos BioPower, 25 MW North Negros BioPower and…