Ayala’s ACEN has appointed Roman Miguel de Jesus CEO of ACEN Philippines effective Jan. 1, 2027, putting its domestic business under his leadership as the renewable energy company shifts its focus toward executing projects and improving operating performance.
Ayala Group's renewable energy arm ACEN nearly doubled its nine-month profit as new power plants, stronger electricity sales and higher output across its international operations drove earnings growth.
Ayala-led ACEN Corp. is tapping growing corporate demand for renewable electricity, securing German testing giant TÜV Rheinland as a customer in a market where large businesses can increasingly choose their own power suppliers.
ACEN Corp.’s renewable energy buildout is translating into bigger profits, with first-half earnings jumping more than fivefold as power generation climbed.
ACEN is investing in nearly 1 gigawatt of solar and battery storage in Zambales, turning the province into one of the Philippines’ largest renewable energy hubs as the country races to add new power capacity and reduce its reliance on imported fuel.
Makati has launched the first phase of its renewable energy transition, shifting 11 major city-owned facilities to 100 percent renewable energy through a supply contract with ACEN Corp. The city said the move brings Makati to 60.92 percent of its clean energy target for the year, marking a major milestone in Makati Mayor Nancy Binay’s first year in office.
The Ayala Group’s ACEN grew first quarter net income by 50 percent to P2.9 billion as stronger renewable energy output from Australia, Lao PDR and recovering Philippine wind farms boosted results amid volatile global energy markets.
ACEN Corp. 's Australian joint venture with the Yindjibarndi Aboriginal Corp. has reached financial close for the Jinbi Solar Project, paving the way for construction to begin on one of Australia’s largest Indigenous-led renewable energy initiatives.
The Philippines’ benchmark stock index is heading for its next reshuffle in August, with Maynilad Water Services Inc. (MYNLD) emerging as a near-certain entrant while three listed firms face a tight fight to avoid being dropped.