ACEN Corp., the listed energy platform of the Ayala Group, said Monday it secured a P5 billion loan facility from Metropolitan Bank & Trust Co. for its renewable energy projects.
The company said the transaction was related to the disclosure it made on March 8 on the board’s approval to procure additional credit facilities of up to P32 billion.ACEN expects set to reach its 5,000-megawatt goal within the year, two years ahead of its 2025 target. ACEN’s latest investment involves a 335 MW onshore wind power project located in the provinces of Laguna and Quezon.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: