August 30, 2025 | 12:00am
MANILA, Philippines — Ayala-led ACEN Corp. is infusing P4.6 billion into its subsidiaries to bankroll the development of its renewable vitality tasks right here within the Philippines and overseas.
In a inventory trade submitting, the Ayala Group’s listed vitality platform disclosed plans to inject $55 million (P3.1 billion) into items ACEN Renewables Worldwide Pte. Ltd. and ACEN Worldwide Inc.
The subsidiaries are taking the lead in growing the group’s clear vitality tasks throughout varied markets, together with Vietnam, Laos, India, Indonesia and the US.
ACEN additionally intends to channel a further P1.5 billion in fairness into its 300-megawatt (MW) Palauig Photo voltaic 2 in Zambales.
The ACEN board accepted the transfer at a particular assembly final Thursday.
The corporate is presently growing the Palauig Photo voltaic 2, its second-biggest photo voltaic facility in Zambales situated close to the 63-MW Palauig Photo voltaic 1.
With an annual technology output of 90 gigawatt-hours (GWh), Palauig Photo voltaic 1 has been powering the Luzon grid since April 2021.
Palauig Photo voltaic 2, however, is predicted to generate over 450 GWh of unpolluted energy yearly.
Mixed, the Zambales photo voltaic farms are able to supplying clear energy to over 130,000 houses and avoiding about 350,000 tons of carbon emission per yr.
ACEN has a world technology portfolio of round seven GW, consisting of operational, under-construction and dedicated tasks.
For 2025, ACEN has programmed about P70 billion in capital spending to energy its progress and develop its presence globally.
Within the first half, the corporate posted a web earnings of P763 million, down by 88 p.c from the P6.3 billion earned a yr in the past.
An organization official earlier mentioned the first-half efficiency mirrored persistent challenges within the firm’s core markets, notably the Philippines and Australia.
Regardless of headwinds, ACEN nonetheless noticed its renewables output enhance by 9 p.c year-on-year to three,228 GWh, because of contributions from its new energy crops overseas.