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...
Ayala-led ACEN Corp., through its Australian unit, has secured approval from the Federal Government for the Robbins Island wind project, which is expected to be one of the largest private investments in Tasmania. The company said the grant comes after more than eight years of assessments by various...
Zobel-led Ayala Corp. reported a core net income, which excludes one-off items, of ₱23.7 billion in the first half of 2025—a two percent decline compared to the same period last year but an improvement from the four percent drop in the first quarter of the year. “This was a result of higher...
Ayala-led ACEN Corp. reported a drop in its net income for the first half of 2025, primarily due to a one-time non-cash impairment of its two wind assets in Vietnam, along with lower electricity prices and higher operating costs. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday,...
Despite the Department of Energy’s (DOE) efforts to cancel renewable energy (RE) contracts that miss their implementation timelines, the agency continues to shy away from investigating the murky waters of potentially questionable project shareholders, and as a result, the industry’s darker...
The Ayala Group reported that the parent company and four of its main subsidiaries have once again made it to the prestigious FTSE4Good Index Series due to their sound environmental, social and governance (ESG) practices. In a statement, the conglomerate said inclusion in the index strengthens the...
BDO Unibank Inc. (BDO) has teamed up with Ayala-led ACEN Corp. to finance over ₱12 billion or a third of ACEN’s multi-billion-peso loan facility for the Quezon North onshore wind power project, which is set to become the “largest wind power facility in the Philippines.” According to BDO,...
