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ACEN supports RE arm
Manila Bulletin
|October 9, 2025
Ayala-led ACEN Corp. infused approximately ₱1.9 billion into its renewable energy (RE) subsidiary, Natures Renewable Energy Development Corp. (NAREDCO), to support its financial obligations.
In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Oct. 8, ACEN announced that it subscribed to 419,690 class C redeemable preferred shares of NAREDCO at ₱4,527.16 per share.
ACEN said the cash injection will help fund the loan and operating expenses for NAREDCO, in which it is the majority stakeholder.
NAREDCO develops and operates the 133.46-megawatt-peak (MWp) Cagayan solar power plant, which began operations in October last year.
Diese Geschichte stammt aus der October 9, 2025-Ausgabe von Manila Bulletin.
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