ACEN Commits ₱4.6B to Clean Energy Push

Ayala-backed ACEN Corp. is channeling ₱4.6 billion into its subsidiaries to advance a pipeline of renewable energy (RE) ventures in the Philippines and overseas.

In a disclosure to the stock exchange, ACEN said it will inject about ₱3.1 billion into ACEN Renewables International Pte. Ltd. and ACEN International Inc., reinforcing its overseas expansion and strengthening capital for its growing portfolio of RE projects abroad.

The subsidiaries spearhead ACEN’s renewable push in multiple markets, with projects underway in the United States, India, Indonesia, Laos, and Vietnam.

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Scaling up

ACEN is setting aside around ₱1.5 billion to support the completion of its Palauig 2 Solar Project in Zambales, a 300-megawatt (MW) facility positioned as one of the company’s largest undertakings in the Philippines.

Company data show that construction progress had already reached 84% by the close of 2024, with full operations targeted in the first half of the coming year. Once online, the plant is expected to deliver about 453 gigawatt-hours (GWh) of renewable power annually.

Situated close to the 63-MW Palauig Solar 1, the new Palauig 2 facility joins an established hub of solar generation in Zambales. Operational since April 2021, Palauig 1 produces around 90 GWh annually, feeding clean energy into the Luzon grid.

Together, the Zambales solar facilities can provide electricity for more than 130,000 households while cutting roughly 350,000 tons of carbon emissions annually.

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ACEN’s portfolio

ACEN’s RE portfolio now totals 7,000 MW, with 3,600 MW already operational and another 2,600 MW under development, both domestically and abroad. The company aims to nearly triple this capacity over the next five years.

In 2025, ACEN plans to deploy roughly ₱70 billion in capital expenditure to drive its growth and strengthen its global footprint. Its overseas operations generated 2,300 GWh of RE, marking a 19% increase from the previous period.

Meanwhile, ACEN’s RE plants in the Philippines generated 928 GWh, reflecting a 9% drop due to weaker solar conditions and continued turbine maintenance.

ACEN also reported a sharp drop in its profits for the first half of 2025, with net income falling to ₱763 million from ₱6.3 billion a year earlier. Revenue also slipped 18.5%, reaching ₱15.71 billion compared with ₱19.29 billion previously.

Company officials attributed the decline to ongoing challenges in key markets, especially the Philippines and Australia.

Sources:

https://www.philstar.com/business/2025/08/30/2469016/acen-infusing-p46-billion-clean-energy-projects

https://business.inquirer.net/544037/acen-sets-p4-6-b-infusion-into-clean-energy-assets

https://asian-power.com/project/news/acen-injects-782m-clean-energy-projects