AYALA-LED ACEN Corp. is actively seeking partners with technical expertise to support the development of offshore wind projects in the Philippines, its president said.
“We will need partners for those because we don’t have the expertise. So, if and when we do offshore wind projects, we will have to do it with a strategic/technical partner,” ACEN President and Chief Executive Officer Eric T. Francia told reporters last week.
While the company is exploring the technology, Mr. Francia said it would probably take more than five years before the company “can be comfortable getting to financial investment decisions.”
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