ACEN targets 1.2-GW 2025 capacity boost

ACEN Corp., the Ayala Group’s listed energy platform, aims to increase its operational capacity by 1.2 gigawatts (GW) by the end of 2025.

ACEN president and CEO Eric Francia said the company, which currently has a portfolio of 6.8 gigawatts (GW) in operational, under-construction and committed projects, is focused on expanding its presence in both local and international markets.

Of its total current portfolio, 45 percent consists of operational assets, 34 percent are projects under construction, and the remainder are board-approved, committed ventures.

“Stubbo is 520 megawatts (MW) and later in the year, we’re expecting Palauig 2 with 300 MW. Together, they account for 820 MW of the 1.2 GW we’re looking to add next year,” Francia said.

Other projects contributing to the planned capacity increase include the Monsoon Wind project in Laos, which will add 146 MW, the Stockyard Hill Wind project in Australia with 109 MW, a 123 MW hybrid solar project in India, and the 57 MW Capa Wind project in Vietnam.

60-MW solar power

Locally, the Pangasinan Solar project will deliver 60 MW, while the Pagudpud Wind project in Ilocos Norte will contribute 160 MW.

Over the weekend, AAlfredo PanlilioCEN announced that it received recognition at the Department of Energy Sustainable Energy Awards 2024 for its 81 MW North Luzon Renewables wind project in Pagudpud, Ilocos Norte. 

The project was honored under the Renewable Energy Projects in the On-Grid Areas category for its contributions to advancing clean, reliable and resilient energy solutions.  

Generating approximately 205,000 MWh of clean energy annually, the wind project powers around 50,000 homes and offsets 144,000 metric tons of carbon emissions each year. 

ACEN operates in the Philippines, Australia, Vietnam, India, Indonesia, Laos and the United States.

The company is on track to transition its generation portfolio to 100 percent renewable energy by 2025 and achieve Net Zero greenhouse gas emissions by 2050.