Ayalas deploy P2.315B for ACEN's renewable projects in Q2

Ayalas deploy P2.315B for ACEN’s renewable projects in Q2

The Ayalas have used up more than half of the P5.37 billion they raised from the stock rghts offering of AC Energy (ACEN) six months ago.

ACEN invested a total of P2.114 billion from May to June 2021:

*P993 million for Greencore Power Solutions 3 which is building a 50-megawatt (MW) solar farm in Pampanga;

* P560 million for Giga Ace 4 which is developing a 40-megawatt battery energy storage system (BESS) project in Laguna;
* P470 million for Solaracel Energy; and
* P90 million for Bataan Solar Energy for a solar farm in Mariveles.

ACEN, which spent P970 million in April, has P2.31 billion left from its SRO as of 30 June 2021.

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