ACEN sets P4.6-B infusion into clean energy assets

MANILA, Philippines — Renewable energy projects of ACEN Corp. will get a funding injection worth P4.6 billion. The listed energy arm of the Ayala Group told the local bourse that it would provide an equity infusion of about P3.1 billion into ACEN Renewables International Pte Ltd., its unit that is focused on its projects abroad. While the Philippines remains ACEN’s core market, it has also established its footprint in Vietnam, Australia, Laos, India and Indonesia. READ: ACEN eyes P34.5-billion Tayabas City wind park ACEN’s 300-megawatt (MW) Palauig 2 Solar Project in Zambales province would also receive P1.5 billion. Based on […]... Keep on reading: ACEN sets P4.6-B infusion into clean energy assets