ACEN gives up nearly 5GW more in renewable contracts

MANILA, Philippines — ACEN Corp. has dropped 12 wind and solar service contracts in Luzon, letting go of nearly 5,000 megawatts (MW) of potential capacity, as the government continues to purge idle renewable projects. On Thursday, the group, backed by the Ayala Group, said in a regulatory filing that it voluntarily relinquished the projects “in support