Ayala-led ACEN Corp. announced that its joint venture (JV) with Australia’s Yindjibarndi Aboriginal Corp. (YAC) has reached financial close for its solar project in Western Australia. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, May 11, ACEN confirmed that Yindjibarndi Energy...
Ayala-led renewable energy (RE) firm ACEN Corp. announced that it has partnered with AllCard Inc. to power the latter’s operations using 100-percent clean energy. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, May 8, ACEN said its retail electricity arm, ACEN Renewable Energy...
ACEN Corp. is expanding its credit support for domestic projects as it nears a critical midterm capacity target. ACEN said it secured two separate loan agreements totaling ₱3.85 billion to fund a wind farm in Quezon province and a battery storage site in Zambales. ACEN said that it entered into a...
ACEN Corp. is keeping a close watch on the potential integration of nuclear energy into the Philippine power mix, evaluating how the emerging technology might influence the country’s future energy landscape. While the energy arm of the Ayala Group has built its reputation as a pure-play renewable...
Ayala-led renewable energy (RE) firm ACEN Corp. announced that it has partnered with mobile wallet GCash to launch a solar rooftop program in Ilocos Norte province that would allow residents to minimize power costs and contribute to the country’s energy transition goals. In a disclosure to the...
ACEN Corp., the renewable energy arm of the Ayala group, warned that a strategy relying exclusively on green energy may be insufficient to safeguard the country against surging summer demand and volatile electricity prices. Speaking at a media briefing, Eric Francia, ACEN president, said that while...
ACEN Corp. Chief Executive Officer (CEO) Eric Francia has dismissed speculation that parent company Ayala Corp. is seeking to divest its stake in the renewable energy producer, rebuffing reports that Japanese and Canadian investors are circling the firm. Speaking to reporters following the...
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...
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,...
