The Zobel family-led ACEN reported a 34 percent increase in consolidated net income, reaching P2.7 billion in the first quarter of 2024, as attributable renewable energy output surged by nearly 50 percent.
The Ayala Group’s renewable energy arm ACEN Corp. and New York, United States-based The Rockefeller Foundation announced a pioneering pilot project in the Philippines that could prevent up to 19 million tons of CO2 emissions.