| Project Detail : | AC Energy, an energy arm of Ayala Corporation, has revealed its plan to expand its renewable energy business in India by developing a 70 MW solar project in Amreli, Gujarat. The project will be developed through UPC-AC Energy Solar, a joint venture of AC Energy and UPC Solar Asia Pacific. The 70 MW solar project, with an estimated cost of $36 million, is expected to begin power generation in the first half of 2021 and will supply energy to Gujarat Urja Vikas Nigam Limited. UPC-AC Energy Solar won the power supply agreement for the project at ?2.55 (~$ 0.035)/kWh
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