The Daily Tribune
ACEN vows big 2026 upsurge
Ayala-led ACEN Corp. anticipates robust earnings growth by 2026, driven by a pipeline of green projects set to become operational.
The company expects a slower income growth in 2025 compared to 2024 due to a lull in new capacity additions.
ACEN's net income grew by 27 percent to P9.36 billion in 2024 from P7.4 billion in 2023, attributed to increased renewables output domestically and internationally.
Key future growth contributors include the 600-megawatt Monsoon wind project in Laos, expected to begin operations by the end of 2025 and supply electricity to Vietnam.
ACEN aims to complete 1,200 megawatts (MW) in RE capacity by the end of 2025, including projects in the Philippines, Lao PDR, and India.
These developments progress ACEN towards its 2030 target of 20 gigawatts of renewable energy capacity.
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