ACEN Corp. is spending the remaining proceeds of a preferred share offering to power the development of eligible green projects in Central L
In a regulatory filing, the Ayala Group’s listed energy platform said it has disbursed about P1.16 billion to finance its solar projects in Zambales.MANILA, Philippines — uzon.
ACEN completed its maiden peso-denominated preferred share sale in September 2023, successfully raising some P25 billion in fresh funds. With a 90 GW-hour output, Palauig Solar 1 began contributing clean energy to the Luzon grid in April 2021.The Zambales solar farms can sustainably power an equivalent of over 130,000 homes and reduce around 350,000 tons of carbon emissions per year, ACEN said.
Moving ahead, ACEN plans to raise about $15 billion in new capital to quadruple its attributable RE capacity to 20 GW by 2030.#PhilstarPicks: Honor every type of dad with these finds from UrbanizeA total of $19 billion worth of investments pledged during the foreign trips of President Marcos have already been actualized...
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