Deal #10245

FORT Pilar Energy, Inc., a firm owned by the family of House Deputy Speaker Michael “Mikee” L. Romero, has spent P1.5 billion to acquire Alterpower Digos Solar, Inc. (ADSI), which runs a 28.59-megawatt (MW) solar plant in Digos, Davao del Sur. ADSI is a joint venture of the South Korea-based Hanwha Global Asset Corp. and renewable energy firm Alterpower Specialist, Inc. It owns and operates a solar facility in Digos that produces up to 43 million kilowatt-hour annually.