DELFIN LAZARO CHAIRMAN’S MESSAGE ACEN CORPORATION | 2023 ANNUAL STOCKHOLDERS’ MEETING April 24, 2023 Fellow shareholders, the ACEN Team, friends, good morning. I am privileged to have been elected into ACEN’s Board and as Chairman in September of last year. I thank the Board for entrusting me with this role of continuing ACEN’s transformation that…
ERIC FRANCIA PRESIDENT’S REPORT ACEN CORPORATION | 2023 ANNUAL STOCKHOLDERS’ MEETING April 24, 2023 Fellow shareholders and my colleagues on the Board and management, good morning to all of you. We welcomed 2022 with renewed optimism as the world was reopening. We saw the opportunity to prime ourselves for a post-pandemic economic recovery. We ramped…
Monsoon Wind will be the largest renewable energy platform for regional connectivity and decarbonization in Southeast Asia The first cross-border wind project, electricity generated will be sold to Vietnam Electricity (EVN) Monsoon Wind has close to $1 billion of project cost, ACEN to have ~24% economic stake 10 April 2023 – ACEN, the energy platform…
ACEN is the first energy company in Southeast Asia to announce its Net Zero roadmap that includes near-term scope 1, 2 and 3 greenhouse gas (GHG) emissions reduction targets, aligned with a 1.5°C pathway for the power sector.
Homegrown program for sea turtles achieved landmark feats: 1,923 sea turtle hatchlings released and 41 sea turtles rescued The multi-stakeholder approach created a positive behavioral shift and increased awareness on sea turtle conservation and research Marking the conservation program’s 10th year, ACEN will ramp up and expand its marine biodiversity efforts through awareness campaigns in…
Stage 1 of ACEN Australia’s New England Solar project was officially opened today by the Hon. Chris Bowen MP, Federal Minister for Climate Change It is one of Australia’s largest solar projects to be participating in the National Electricity Market, with Stage 1 requiring the installation of close to a million solar panels ACEN Australia…
Joint venture company acquiring a total of 136 MW of wind assets from US-based GlidePath Power Solutions LLC Strong growth US platform leveraging the combined expertise of ACEN and its partners: Pivot Power Management and UPC Solar & Wind Investments Will generate approximately 360 GWh of wind energy per year, enough to power around 24,000 households and…
ACEN and BrightNight will develop, construct, and operate large-scale hybrid wind-solar and round-the-clock renewable power projects in India The partnership aims to deploy US$ 250 million equity plus related performance guarantees BrightNight brings its advanced India portfolio, experienced local team, and differentiated capabilities to develop and optimize large-scale, multi-technology hybrid renewable power plants The partnership…
Consolidated revenues up 35% to ₱35.2 billion Attributable EBITDA down 5% to ₱14.3 billion, with international earnings offsetting the decline in Philippine margins Net income reaches ₱13.1 billion, inclusive of ₱8.6 billion net impact from accounting adjustments and provisions Renewables grow to ~4,000 MW of attributable capacity, representing 98% of ACEN’s portfolio 9 March 2023…
6 January 2023 – ACEN RES, the retail electricity arm of ACEN, recently partnered with leading digital solutions platform, Globe, to shift more of the latter’s high-energy utilization facilities in Luzon and Visayas to 100% renewable energy. Under the new agreement, ACEN RES will leverage on ACEN’s expansive renewables portfolio to sustainably power ten of…
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