Is Ayala investing in Bataan solar?

Ayala-led AC Energy Philippines, Inc. (ACEN) is investing more funds into the development of a solar facility in Bataan. The power company told the stock exchange on Friday that it signed a subscription deal with its wholly owned subsidiary Bataan Solar Energy, Inc. (BSEI) to acquire P400 million-worth of shares.

Does Eritrea have solar power?

Eritrea’s weather, characterized by long sunny days throughout the year, makes it suitable for harnessing solar power. Data from the wind and solar monitoring stations installed in many parts of Eritrea show that the country has a great potential, around 6 kwh/m2 of solar energy.

Why did AC Energy Invest in Bataan solar?

The investment in Bataan Solar is part of the company’s P2.2-billion funding program to introduce new energy technologies in the Philippines. Last month, AC Energy also subscribed shares in Buendia Christiana Holdings Corp., one of its special-purpose vehicles, to buy and develop potential project sites.

What are the benefits of solar energy in Eritrea?

The government of Eritrea has been making efforts to promote the use of alternative sources of energy, especially solar energy, to mitigate the problems associated with the use of fossil fuel. A major benefit of solar energy is that it does not pollute the environment and saves money in the long run even if its installation cost is quite high.

What is Eritrea's main source of energy?

Eritrea’s major source of energy is petroleum, which drains the foreign currency reserves of the country and is globally a major cause of pollution. The government of Eritrea has been making efforts to promote the use of alternative sources of energy, especially solar energy, to mitigate the problems associated with the use of fossil fuel.