**ACEN Corp. Injects Additional P1.9 Billion Capital into Natures Renewable Development Corp. to Support Solar Power Operations**
MANILA, Philippines – ACEN Corp., the energy arm of the Ayala Group, is injecting an additional P1.9 billion capital into its subsidiary, Natures Renewable Development Corp. (Naredco), to bolster its solar power operations.
In a disclosure released on Wednesday, ACEN revealed that it subscribed to approximately 420,000 redeemable preferred shares. Each share is priced at P4,527.16.
This capital infusion underscores ACEN’s commitment to expanding its renewable energy portfolio and supporting sustainable power generation in the Philippines.
**READ:** ACEN raises stake in…
https://business.inquirer.net/551615/ayalas-acen-provides-p1-9-b-capital-to-solar-power-unit