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,...
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...
