PSE: ACEN
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May 21, 2024 2:00 pm
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52-Week High 6.30
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Key Messages from the 2024 Annual Stockholders' Meeting

Delfin Lazaro
Chairman

Message of the Chairman

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Eric Francia
President and CEO

Message of the President and CEO

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Business Highlights

“We have made significant progress with the continued ramp-up of our projects, helping provide much needed supply to the Philippines and across the region as we effectively reach our 5 GW target ahead of schedule.”
ERIC FRANCIA President & CEO

Investments in renewables (Capex)

55 B


Sustainable financing Green loans for Australia expansion

AU$352 M

Financing initiatives with ADB

US$107 M

Financing package for the 88 MW Ninh Thuan Wind in Vietnam

11 B

Sustainability-linked loan facility for the development of solar projects

Preferred equity

25 B

The first perpetual preferred share issuance on the Philippine Stock Exchange

Preferred equity

25 B


Renewable Energy

5 GW

We have effectively achieved our goal of reaching 5 GW of renewables capacity by 2025, approximately two years ahead of plan.

› 4.7 GW of attributable renewables capacity in operation and under construction
› 1 GW signed agreements or won competitive tenders

Renewables Growth

We embarked on a bold strategy to turbo charge our growth and assemble 20 GW of renewables capacity by 2030


Total asset value

284.9 B

Market capitalization

~174 B

Total shareholders' equity

173.4 B



Attributable output from renewable source

4,500 GWh

32% increase

Net income

7.4 B

Consolidated revenues

36.5 B

Attributable EBITDA

18.8 B


Retail electricity supply (RES) growth

218 MW

54% increase in commercial and industrial customers


New strategic partnerships

› Yindjibarndi Aboriginal Corporation
› Monsoon Wind partners
› Super Energy
› PT Dewata Megaenergi
› Barito Renewables

› Super Energy
› PT Dewata Megaenergi
› Barito Renewables

In focus

Energy Transition journey

Energy Transition journey

ACEN completes the world’s first market-based ETM transaction

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Annual Stockholders' Meeting

Annual Stockholders' Meeting

[WATCH] ACEN's stockholders' meeting held last April 24, 2024

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ACEN: Green Finance Leadership

ACEN: Green Finance Leadership

ACEN is the largest issuer of green bonds in the Philippines with over $1B green bonds raised.

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Maiden Peso-denominated Preferred Shares

Maiden Peso-denominated Preferred Shares

ACEN marked the issuance of its ₱25.0 billion perpetual preferred shares, listed on the PSE on September 2023.

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Investor news

ACEN announces roadmap to reach Net Zero emissions by 2050

ACEN announces roadmap to reach Net Zero emissions by 2050

ACEN is the first energy company in Southeast Asia to take this critical step towards achieving Net Zero.

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ACEN records P7.4 billion net income in 2023

ACEN records P7.4 billion net income in 2023

Taking out the impact of non-cash items, ACEN’s profitability increased 150 percent year over year, driven by a threefold growth in core operating earnings

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ACEN upgraded to “B” rating by CDP, reaffirms commitment to environmental transparency

ACEN upgraded to “B” rating by CDP, reaffirms commitment to environmental transparency

Renewables developer ACEN and the CEFC have joined forces to develop large-scale clean energy assets across Australia, powered by a $75 million CEFC investment that will accelerate an 8 GW clean energy portfolio that includes solar, wind, battery and pumped hydro.

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COP28: Philippines at the forefront of energy transition

COP28: Philippines at the forefront of energy transition

For the first time ever, signatories of the United Nations Framework Convention on Climate Change (UNFCCC) penned an agreement to “transition away from fossil fuels in energy systems, in a just, orderly and equitable manner.”

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