ACEN Corp. plans a $13 million solar investment in Malaysia, expanding its Asian renewable energy goals.

ACEN Corp., a subsidiary of Ayala Corp., plans to invest $13 million in solar projects in Malaysia, part of a $200 million equity plan to expand renewable energy projects across Asia. The company aims for a minimum capacity of 1,000 MW and has a global portfolio of about 6.8 gigawatts. ACEN targets 20,000 MW in renewable energy capacity by 2030 and aims for net-zero emissions by 2050.