ACEN Corp. will spend more than ₱80 billion in capital expenditures (capex) in 2026 as it aims to grow its total power generation capacity to over 8,000 megawatts (MW), covering both operational and under-construction projects by year-end.
Eric Francia, ACEN president and CEO, said most of the spending—around ₱60 billion—will go to projects in the Philippines. This is 2.5 times higher than last year’s ₱25 billion local investment.
The company plans to focus on solar, wind, and battery energy storage projects this year. Last year, ACEN’s total capex, including international projects, was ₱55 billion. Francia said funding will come from 70% project finance and 30% existing cash.
As the energy investment arm of the Ayala Group, ACEN aims to reach 20,000 MW of renewable capacity by 2030 and achieve Net Zero emissions by 2050. Its projects span the Philippines, Lao, India, Vietnam, the U.S., Indonesia, Malaysia, Bangladesh, and Taiwan.
