ACEN expects slower growth this year, robust earnings by 2026

ACEN Corp., an Ayala-led renewable energy firm, expects growth to ease this year but anticipates robust earnings acceleration by 2026.

Jonathan Back, ACEN's chief finance officer and chief strategy officer, explained that the company will experience slower growth in 18 months due to fewer new projects coming online compared to last year.

Key projects like the Monsoon wind project in Laos are expected to contribute significantly by the end of this year, with operations beginning towards the end of 2023.

The Monsoon wind project, set to be the first cross-border wind project in Southeast Asia, will power nearly 300,000 households and reduce carbon emissions by up to 823,600 metric tons.

ACEN plans to raise capital through a stock rights offering of up to ₱30 billion to support its renewable projects, including the Monsoon wind project and others like Pagudpud wind, Capa wind, and Pangasinan solar project.