THE energy unit of Ayala Corp. (AC) is investing in a billion-peso solar power plant in Negros Oriental.

In a disclosure to the Philippine Stock Exchange (PSE), Ayala Corp. said its wholly owned subsidiary, AC Energy Holdings Inc. (AC Energy), has signed a Subscription and Shareholders’ Agreement with Bronzeoak Clean Energy Inc., the investment arm of Bronzeoak Philippines Inc. (Bronzeoak), for the development, construction and operation of a solar power farm in Bais City, Negros Oriental.

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