Will Mills

first in the world

ACEN’s landmark Energy Transition Mechanism, the first ETM deal in the world, allows the company to move closer toward its commitment to 100% renewables generation by 2025, with a goal of reaching 20 GW of renewables capacity by 2030. "ACEN continues to blaze the trail for energy transition in the Asia Pacific. As the company has successfully divested its coal asset, ACEN commits to a just energy transition. We have established mechanisms to ensure that stakeholder interests, especially those of the people and communities of SLTEC, are effectively addressed." - Eric Francia,
President and CEO
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ACEN continues to expand its portfolio within its key markets, fortifying its presence with the full acquisition of the Australia platform and new solar and wind farms under construction in the Philippines, Australia, and India.

1 Refers to gross capacity of owned assets, multiplied by ACEN’s effective economic ownership. Does not include leased units. As of 31 March 2023
2 Includes 48 MW from ACEN’s investment in NEFIN rooftop solar projects, across Mainland China, Taiwan, Hong Kong, Singapore, Thailand, and Malaysia

In the News

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  • New England Solar battery storage increased to bring on-demand, greener energy for NSW

    30 May 2023

    Additional battery energy storage at New England Solar approved by the NSW Government, helping put downward pressure on electricity bills as the country transitions to a clean energy future The approval now means planning for Stage 2 of New England Solar is a step closer to construction This is on the heels of ACEN Australia...

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  • ACEN and AMI Renewables move ahead in the development of Vietnam’s first grid-connected battery energy storage system

    9 May 2023

    The joint venture is collaborating with Honeywell to integrate Vietnam’s first grid-connected battery energy storage system (BESS) project in the 50 MWp Khanh Hoa Solar plant The project aims to demonstrate the commercial viability, reliability and efficiency of battery energy storage in Vietnam Co-funded by U.S. Mission Vietnam, the pilot project will help Vietnam meet...

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  • ACEN net income soars 5x to Php2.0 billion in the first quarter of 2023

    4 May 2023

    May 4, 2023 – ACEN (PSE: ACEN), the listed energy platform of the Ayala group, today reports that its consolidated revenues for the first quarter of 2023 rose 23% to PHP9.1 billion as a result of higher net generation due to better wind resources, as well as the start of commissioning of new power plants...

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  • ACEN announces roadmap to reach Net Zero emissions by 2050

    3 April 2023

    ACEN is the first energy company in Southeast Asia[1] to announce its Net Zero roadmap that includes near-term scope 1, 2 and 3 greenhouse gas (GHG) emissions reduction targets, aligned with a 1.5°C pathway for the power sector. ACEN’s long-term targets support the company’s net zero ambition and are consistent with the target emissions intensity...

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  • ACEN completes the world’s first ETM transaction for the 246-MW SLTEC coal plant

    8 November 2022

    Full completion of the world’s first market-based Energy Transition Mechanism (ETM) transaction, which will enable the early retirement of the 246-MW SLTEC coal plant and its transition to cleaner technology

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

    15 November 2021

    Businesses, investors, academics, civil, and social representatives collaborate to develop resources to advance social equity while meeting environmental goals.

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