ACEN earmarks P3B to support Palauig solar park, battery projects

MANILA, Philippines — The Ayala group’s ACEN Corp. has committed an additional P3 billion to its wholly owned subsidiary Giga Ace 8 Inc. to finance the construction of its Palauig Solar 2 and battery energy storage projects. In a disclosure on Friday, ACEN said it signed a subscription agreement for 300 million Redeemable Preferred Shares “A”