During ACEN’s recent Annual Stockholders’ Meeting, our CEO, Eric Francia, talked about the company’s resilience to keep the lights on and build new capacity, notwithstanding the limitations and challenging conditions. These vigorous efforts resulted in a robust performance for the year – a net income of ₱5.3 billion representing a 22% growth versus the previous year.
“The company continues to grow its renewables portfolio aggressively. In 2021, we more than doubled our renewables capacity in the Philippines to 1,000 MW. We also increased our international renewable capacity by 70% to 1,500 MW by the end of 2021, and we further added another 800 MW in the first quarter of 2022. Today, our renewables capacity stands at 3,300 MW, which puts us in a position to reach our 5,000 MW goal, one or two years ahead of the 2025 target.”