MANILA -Ayala-led ACEN Corp. is investing nearly P2 billion in its Pangasinan-based subsidiary to further develop a solar power plant set for completion this year. In a stock exchange disclosure on Thursday, ACEN said it had signed a subscription agreement with Sinocalan Solar Power Corp. (SSPC) to buy 199.98 million of the latter's preferred shares for P10 apiece. This is equivalent to P1.99 billion. ACEN, the listed energy platform of the Ayala group, said SSPC would use the budget to fund the development of the 60-megawatt Pangasinan Solar project in San Manuel town.

https://business.inquirer.net/405524/acen-to-build-p2-b-pangasinan-solar-plant

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