Less than a decade ago, the Ayala group’s listed energy arm was still largely coal-based, with renewables accounting for only around 2 percent of its portfolio when it reached 1,000 megawatts of installed capacity in 2016.
Strategic pivot
“This milestone reflects our long-term strategy to align ACEN with the future of the energy system, while supporting decarbonization in a commercially disciplined way,” said Eric Francia, president and CEO of ACEN.
Since then, the company redirected capital, reshaped its operating model, and steadily exited coal as it built scale in clean energy across multiple markets.
Scaling across Asia Pacific
Today, ACEN’s renewable energy portfolio totals more than 7 gigawatts of attributable capacity, covering projects that are operational, under construction, or supported by signed agreements.
Its assets span solar, wind, geothermal, and battery energy storage, with the Philippines as its core market and additional platforms in Australia, Vietnam, India, Lao PDR, and other parts of Southeast Asia.
Positioning for net zero growth
The pace and breadth of that expansion now position ACEN among the fastest-growing renewable energy platforms in the Asia Pacific, supported by its integrated role as developer, builder, and operator.
With the portfolio now fully renewable, ACEN is focused on scaling responsibly while working toward its net zero greenhouse gas emissions target by 2050.
—Edited by Miguel R. Camus
