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-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...
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. 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...
Ayala-led ACEN Corp. is offloading its diesel plants to fully embrace renewable energy (RE) into the company. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, June 17, ACEN said it has sold its ownership of three diesel plants, located in the northern parts of Luzon, to AC Energy...
Ayala-led ACEN Corporation is expanding the country’s renewable energy (RE) shift with its 133-megawatt (MW) solar plant in Cagayan. In a disclosure to the Philippine Stock Exchange on Wednesday, June 4, the company announced that this plant is the first in Cagayan to contribute to Luzon’s...
Ayala-led ACEN Corp. has teamed up with Copenhagen Infrastructure Partners (CIP) for a proposed offshore wind (OSW) project off the coast of Camarines Sur that aims to deliver up to one gigawatt (GW) of capacity. In a disclosure to the Philippine Stock Exchange this Thursday, May 29, ACEN said it...
SINGAPORE—The Spain-Portugal blackouts, which had been partly blamed on overreliance on solar without enough capacity backup, signal a warranted acceleration of energy storage investments for markets like the Philippines that have been betting on massive-scale renewables. In an exclusive...
SINGAPORE —Energy transition trailblazer ACEN Corporation of the Ayala group will schedule a study to dissect and assess options for the ‘asset repurposing’ of its 246-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal plant. The plant will be retired by 2030, way ahead of its...
ACEN Renewables International Pte. Ltd (ACRI), a subsidiary of Ayala-led ACEN Corporation, has sealed AU$75 million green term loan facility with HSBC, which it will funnel into its expansion for renewable energy (RE) projects in Australia. According to the company, “the green term loan will...
DUBAI, UAE – Ayala-controlled ACEN Corporation, which has been expanding its investment foothold across foreign markets, is batting for capacity auction that will primarily delve with integrated renewable and energy storage system (IRESS) as prospective replacement for capacities that shall be...
