ACEN unit seals P2.9-B loan for energy storage asset

MANILA, Philippines – ACEN Corp. has obtained a P2.9-billion loan from the Bank of the Philippine Islands to help finance its energy storage system project in Zambales. In a disclosure on Friday, the group said the loan deal was secured through its subsidiary Palauig Solar 1 Inc. Another unit, Gigasol2 Inc., has served as a