Will Mills

Net Zero Future

In October 2021, ACEN committed to reach net zero greenhouse gas emissions by 2050 or earlier. “Being at the forefront of the energy transition goes hand in hand with our commitment to Net Zero. We will work closely with the Ayala group and continue to collaborate with our stakeholders as we carry out this important journey” - Eric Francia, President and CEO Read the press release

We are ACEN

Solar Panel
  • 2021 Highlights

    Net Income
    5.3B
    22%
    Attributable Output
    4,633 GWh
    21%
    Attributable Capacity1
    ~3,800 MW
    operating & under construction
    Renewables Capacity1
    ~3,300 MW
    87% of total capacity

    With an 87% renewables share of capacity, among the highest in the region, we aspire to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5 GW of renewables capacity by 2025.

    1 Pro Forma as of 09 March 2022 --Includes 137 MW in recently announced transactions with UPC approved by the Board on 18 Oct2021, subject to regulatory approvals and 410MW from the recently announced transaction with Super Energy, subject to conditions precedent.
  • % RE Share Increase

    Renewables Share Increase.png
    1 Pro Forma as of 09 March 2022 --Includes 137 MW in recently announced transactions with UPC approved by the Board on 18 Oct2021, subject to regulatory approvals and 410MW from the recently announced transaction with Super Energy, subject to conditions precedent.

Sustainability Highlights

  • Our sustainability strategy

    Our sustainability strategy is embedded in our corporate strategy and aligned with the UN Sustainable Development Goals.

  • Protecting the Turtles

    In Ilocos Norte, where marine turtles lay eggs and nest, the dangers of poaching and smuggling of the eggs have significantly decreased. Through awareness campaigns and continuous trainings, the local community now acts as guardians of the endangered species, becoming partners of ACEN in turtle conservation.

  • Birds of the Conservation Estate

    The 700-hectare Conservation Estate of ACEN in Ilocos Norte is now home to 117 species of birds, 33 of which are endemic, and four classified as vulnerable. The company's wind farms, North Luzon Renewables and NorthWind, with the help of the locals, all work together to preserve biodiversity.

  • Piloting Circular Approach

    In Alaminos and Palauig, a total of 32,540 kg of plastic waste from solar panel packaging have been recycled into eco bricks to be used as construction materials for solar plant facilities as ACEN aims to "close the loop" in its project locations.

  • Capacity Building

    The forests of Pagudpud were once an area for hunting and lumber. Through ACEN’s agroforestry program, local residents learned how to nurture forest for harvest of fruit and vegetables and sustainable farming techniques such as contour hedgerow and watershed systems.

In the News

  • ACEN enters partnership to repower wind farms in the US

    April 26, 2022

    April 26, 2022 – ACEN, the Ayala group’s listed energy platform, announced the board approval on the company’s plans to enter the United States renewable energy market through a newly formed strategic partnership with UPC Solar & Wind Investments LLC (UPC) and Pivot Power Management (PPM) to pursue opportunities to acquire operating wind projects in...

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  • ACEN pioneers energy transition financing to enable more renewables

    April 12, 2022

    ₱13.7B senior secured term loan facility for SLTEC plant The first step towards the company’s 244 MW coal plant’s transition to cleaner technology by 2040 – 15 years earlier than the end of its technical life Key step to accelerating ACEN’s energy transition goal and achievement of net zero greenhouse gas emissions commitment by 2050...

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  • ib vogt and ACEN to set up 1,000 MW asset platform for solar in Asia

    April 4, 2022

    New joint venture will develop large scale solar projects in the Asia Pacific region ACEN expects to invest up to US$ 200 million in equity investment in addition to debt funding 1,000 MW of renewables capacity at the minimum is set to be developed in the coming years, with potential for further expansion April 4,...

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  • ACEN and Citicore energize solar plant in Pampanga

    April 4, 2022

    • In less than a year after breaking ground, the 72 MW Arayat-Mexico solar farm started to export power to the grid • A critical addition to the Luzon grid, in time for the resurgence in power demand • 105 GWh of renewable energy to be produced annually can power 45,000 households March 31, 2022...

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  • ACEN Full-Year 2021 Net Income Rises 22% to ₱5.3 Billion

    March 9, 2022

    Net Income increased 22% to ₱5.3 billion Revenues grew 27% to ₱26.1 billion Attributable output up 21% to 4,633 GWh Capex worth ~₱55 billion expected to boost ACEN’s growth aspirations in 2022 09 March 2022 – ACEN, the listed energy platform of the Ayala Group, disclosed today a 22% increase in its consolidated net income...

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  • ACEN powers up country’s first hybrid solar and storage project

    February 22, 2022

    Battery energy storage system with 2×20 MW of installed capacity that can deliver up to 40MW/60 MWh Adjacent to ACEN’s operating 120 MW Alaminos Solar, one of the country’s largest solar plants A vital component of the energy transition to address the intermittency of renewable energy   February 21, 2022 – ACEN, the listed energy...

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  • ACEN wins Best Green Bond at The Asset Country Awards 2021

    February 8, 2022

    ACEN, the listed energy platform of the Ayala Group, was recently recognized by The Asset, Asia’s leading financial publication for issuers and investors, with the award for “Best Green Bond” for its US$ 400 million fixed-for-life green bonds. The award highlights not only the international investor community’s continuing confidence in ACEN, but also the strong...

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  • ACEN to acquire 49% interest in Vietnam solar platform of Super Energy Corporation

    February 2, 2022

    SUPER, through its group companies, owns and operates 837 MW of solar projects in Vietnam This investment will expand ACEN’s international portfolio to more than 1,900 MW, of which more than 1,000 MW are in Vietnam The beginning of a partnership between ACEN and Super to continue expanding their renewable footprints in Vietnam as well...

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  • ACEN commits to Net Zero greenhouse gas emissions by 2050

    October 25, 2021

    Oct 25, 2021 – Together with the Ayala group, ACEN is committing to achieve net zero greenhouse gas emissions by 2050, as announced by its Chairman Fernando Zobel de Ayala during the group’s Integrated Corporate Governance, Risk Management, and Sustainability Summit held Thursday, Oct 21, 2021. “As Ayala’s concrete contribution to the well-being of future...

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  • Council for Inclusive Capitalism Releases Framework to Guide Companies in Delivering a Just Energy Transition

    November 15, 2021

    Businesses, investors, academics, civil, and social representatives collaborate to develop resources to advance social equity while meeting environmental goals. November 05, 2021, New York – The Council for Inclusive Capitalism (Council) today shared the results of a months long initiative to help businesses ensure that the benefits of the energy transition are shared by workers,...

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