Bayog Wind Power Corp announced that it expects to receive PHP 7 billion in funding from Acen Corporation

Bayog Wind Power Corp announced a private placement of 36,218,032 Redeemable Preferred D Shares at a price of PHP 100 per share, 29,759,408 Redeemable Preferred E Shares at a price of PHP 100 per share, and 4,022,560 Redeemable Preferred G Shares at a price of PHP 100 per share for aggregate gross proceeds of PHP 7,000,000,000. on December 28, 2021. The transaction will include participation from returning investor, AC Energy Corporation.

The transactions is subject to the necessary regulatory approval by the Securities and Exchange Commission.