ACEN Corp. invests P1.15 billion in subsidiary Giga Ace 8 Inc. to fund 300 MW Palauig Solar 2 project in Zambales, Philippines
Type: Investment · Technology: Solar · Country: Philippines · Capacity: 300.11 MW · Value: $1.15B · Announced: 2026-06-12
ACEN Corp. has committed P1.15 billion to its subsidiary Giga Ace 8 Inc. to finance the Palauig Solar 2 project. The solar facility, rated at 300.11 MW, will be built in Zambales, Philippines, and is expected to generate more than 450 GWh of clean electricity each year. This investment forms part of ACEN's broader P16 billion renewable energy programme targeting the Southeast Asian market. By expanding its solar portfolio, ACEN aims to strengthen its position in the regional clean‑energy transition. The transaction underscores ACEN's strategy of leveraging internal capital to accelerate project development.
Counterparties
- Giga Ace 8 Inc (Developer)
- ACEN Corp. (Investor)
- ACEN Corp. (Parent Company)
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