AC Energy Corporation (ACEN) and Citicore Solar Energy Corporation agree to build a 50-MW PV Solar Power Plant in Pampanga. In various disclosures in the Philippines Stock Exchange, ACEN revealed that its wholly-owned subsidiary, ACE Endevor, Inc., signed a shareholders agreement with Citicore and Greencore Power Solutions 3, Inc. Greencore is the special-purpose vehicle for the solar plant project. As per the pact, Citicore will have 50% of the shares in Greencore, while ACEN and Endevor will hold 45% and 5% interest, respectively. In a related accord signed February 4, 2021, ACEN agreed to extend a Php2.675-billion term-loan facility to Greencore for the latter to finance the solar farm--from the design to its operation and maintenance . The plant is expected to be operational in November 2021.
Just me taking notes of any updates to companies listed in the PSE. This helps me push through my writing dry spell as well.