Energy company ACEN Corp. said it is considering several ways to raise additional capital within the next 6 to 12 months to support its renewable energy (RE) projects.
Speaking at the company’s annual stockholders’ meeting in Makati City, ACEN president and CEO Eric Francia said the firm is reviewing equity fundraising options but did not disclose a specific amount. He noted the planned fundraising would not exceed the company’s earlier proposed ₱30 billion stock rights offering.
Francia said financial advisers are already working with the company as it prepares for expansion, adding that ACEN will continue focusing on renewable energy projects.
The company ended 2025 with more than 7,000 megawatts (MW) of attributable renewable capacity. For 2026, ACEN plans to build or begin construction on about 1,000 MW of new projects, mostly battery energy storage systems.
ACEN, the energy arm of the Ayala Group, aims to grow its renewable capacity to 20,000 MW by 2030 and achieve net-zero greenhouse gas emissions by 2050.
The company also has energy projects outside the Philippines, including in India, Australia, Vietnam, and the United States.
