Ayala-led renewable energy (RE) firm ACEN Corp. and its retail electricity supply (RES) unit continue to dominate the green energy retail market, but the company is now pushing to make clean energy more accessible to households by lowering the minimum demand threshold for participation in the Green...
Ayala-led renewable energy (RE) firm ACEN Corp. sees 2026 as a pivotal year, hopeful that renewed generation from its assets could catapult the company’s profits upward. In an ambush interview, ACEN Chief Executive Officer (CEO) Eric Francia said the company’s local wind operations are likely...
Ayala-led renewable energy (RE) firm ACEN Corp. remains the largest retail electricity supplier (RES) in the market, having taken over the majority of the franchise area of Manila Electric Co. (Meralco). According to Philippine Electricity Market Corp. (PEMC), ACEN’s RES arm captured 71 percent...
ACEN Corp., the energy arm of the Ayala group, secured a 7.517 billion rupee project finance loan to fund its Bijapur Wind project in Karnataka, India, as the company accelerates its expansion into one of Asia’s largest renewable energy markets. The loan, equivalent to approximately ₱4.78...
Zobel-led Ayala Corp. plans to increase its capital spending by as much as 27 percent this year, betting heavily on renewable energy and retail even as it scales back investments in its traditional real estate stronghold. The holding company led by the Zobel family set its 2026 capital expenditure...
Ayala Corp., the Philippines’ oldest conglomerate, posted record core earnings for a third consecutive year as gains in its real estate and banking units shielded the group from the slump in its energy and telecommunications businesses. In a disclosure to the Philippine Stock Exchange, the firm...
Ayala-led ACEN Corp. is preparing for an increase in capital expenditure (capex) in 2026 as the company focuses on expanding its renewable energy portfolio. Jonathan Back, ACEN chief financial and strategy officer, said the company is projecting a substantially higher capex budget for next year,...
Ayala Corp., the country’s oldest conglomerate, reported a sharp increase in profits for the first nine months of the year, driven by one-time gain tied to the revaluation of its stake in Gcash owner Mynt. In a disclosure to the Philippine Stock Exchange on Thursday, Nov. 13, the holding company...
Despite its focus on clean energy, ACEN Corp.’s bottom line struggled through September, as the Ayala-led firm 's net income fell, hampered by reduced output from its renewable assets and soft spot market prices. In a disclosure to the Philippine Stock Exchange on Friday, Nov. 7, ACEN...
Ayala-led energy firm ACEN Corp. announced its Stubbo Solar project in Australia is now fully operational, marking the fruition of one of its key renewable energy investments in the country. In a statement, ACEN said the newly switched-on 520-megawatt direct current (MWdc) farm is one of Australia...
Ayala-led ACEN Corp. infused approximately ₱1.9 billion into its renewable energy subsidiary, Natures Renewable Energy Development Corp. (NAREDCO) to support its financial obligations. In a disclosure to the Philippine Stock Exchange on Wednesday, Oct. 8, ACEN announced that the company...
ACEN, the listed renewable energy company of the Ayala group, has been recognized with two distinguished accolades at the HR Asia Best Companies to Work for in Asia Awards 2025, held at the Marriott Grand Ballroom in Manila. For the second consecutive year, ACEN has received the HR Asia Best...
