Completed stock rights offering which raised ₱5.4 billion (~US$111 million) in gross proceeds.

As ACEN leads the charge in accelerating the shift to a low-carbon economy, we look at enabling technologies such as energy storage, sustainable policies and clean energy funding as we work towards our Net Zero ambition.
In Alaminos, our pilot 40 MW energy storage project lies adjacent to our 120 MW solar farm–the Philippines’ first hybrid utility scale solar and energy storage project. Surrounded by Ayala Land’s Carbon Forest, with an integrated Community Eco Hub and a future Eco Learning Center, this project is a pioneering Sustainability Hub where we create awareness on various climate action programs such as renewable energy and nature-based solutions.
It is through shared commitment and collective action that we can truly make an impact on our goal for a sustainable and inclusive future.
With our aspiration to become the leading renewable energy platform in the region comes the commitment to drive our sustainability agenda across the organization and with our business partners.
In 2021, ACEN, together with the Ayala group, announced its target to achieve Net Zero greenhouse gas emissions by 2050, taking significant steps in contributing to the urgent global shift to address climate change and transition to a Net Zero economy. Our first step is to bring our generation capacity to 100 percent renewables by 2025.
Through a strong Environmental, Social, and Governance (ESG) performance that is focused on its employees, communities, and partners, ACEN aims to provide long-term value towards a sustainable and inclusive future.
"ACEN delivered strong operational and financial results in 2021. We registered a net income of ₱5.3 billion, representing a 22% growth versus the previous year. This was driven by the 21% growth in energy output which totaled 4,600 GWh. The recently integrated international business registered a strong 51% income growth.
Sustainability, meanwhile, remains at the core of ACEN. The company is a significant component of the Ayala Group’s commitment to achieve Net Zero Greenhouse Gas Emissions by 2050 or earlier, which we announced last November. This commitment aligns ACEN and our sister companies across the Ayala Group with the global campaign for climate action. "
Read more about our landmark year
and how we are leading the energy transition
In 2021, as the world recovered from the peak of the COVID-19 pandemic, the energy sector experienced resurging demand, heightened by interruptions to Philippine power supply. Aided by its strategy to aggressively roll out renewable energy investments in the Philippines and across the region, ACEN continued to be a direct beneficiary of the steady resurgence in consumer confidence both at home and in the Asia Pacific, especially as fossil fuels became more expensive towards the end of the year.
Completed stock rights offering which raised ₱5.4 billion (~US$111 million) in gross proceeds.
Singapore sovereign wealth fund GIC Private Limited, through affiliate Arran Investment, completed its subscription to ACEN primary shares.
Completion of follow-on offering. The FOO raised ₱10.3 billion (~US$212 million) in gross proceeds from the primary share offering.
Completion of infusion of all-renewable international portfolio into ACEN, transforming the company into a regional power platform.
Inclusion into the Philippine Stock Exchange Index.
ACEN, through wholly owned subsidiary, ACEN Finance Limited, launched its maiden Green Bond offering, raising US$400 million in fixed-for-life perpetual green bonds listed on the Singapore Exchange’s SGX-ST platform.
ACEN reached a peak market capitalization of
~₱490 billion (~US$10 billion).
ACEN declared its Net Zero by 2050 commitment,
committing to a 100 percent renewable generation portfolio
by 2025, and early retirement and just transition of the
company’s sole coal plant by 2040, which is 15 years earlier
than the end of its useful life.
ACEN debuted at the MSCI Philippines index, one of the MSCI Global Standard Indices.
On its 10th year and fresh from back to back landmark milestones, ACEN announced its rebranding.
GIC Private Limited affiliate Arran Investment completed its top-up acquisition of secondary ACEN shares from parent AC Energy, bringing the Singapore sovereign fund’s ownership to ~17.5 percent.
ACEN’s aspiration to be a leading renewable energy provider is driven by its goal to create value that would benefit society, as well as our employees and shareholders. Sustainability is at the core of our business, and it is integrated into the way we do things.
In October 2021, we announced our commitment to achieve Net Zero greenhouse gas emissions by 2050. ACEN recognizes that we have a role to play in addressing the rising global temperatures, threatened biodiversity, and social inequality. We believe that strong Environmental, Social, and Governance (ESG) performance is an indicator of long-term financial growth and resilience for a company.
We collaborate with different partners and influence others to do the same, in order to help accelerate the energy transition, and shape the future together.
Watch our 2022 Corporate Video
ACEN & the Energy Transition
We aim to deliver long-term value for all our stakeholders and continue to develop initiatives across our ESG strategy to have a clear roadmap, as well as metrics and targets, that track our ESG performance alongside our financial performance.
This journey is not just for ACEN but for all our stakeholders as well.
ACEN aspires to be a Net Zero company by 2050.
ACEN invests in its people and communities.
ACEN integrates sustainability into its culture, decisions and actions.