ACEN Corp. is ramping up its investment plans, allocating as much as P70 billion for capital expenditures (capex) in 2025, a 40 percent increase from the projected P50 billion this year. The funding is part of the company’s ambitious goal to reach 20,000 megawatts (MW) in renewable energy (RE) capacity by 2030, supporting its commitment to sustainable growth.
Eric Francia, ACEN president and CEO, said the capex forecast for 2024 is P50 billion but projected at P70 billion in 2025 as the company pursues its RE expansion across various markets, including the Philippines, India, and Australia. ACEN targets the completion of 1,200 MW of new RE capacity by the end of 2024, with projects such as the 146 MW Monsoon wind project in Laos and the 520 MW Stubbo solar in Australia set to be finished by the end of 2025.
ACEN has 6,800 MW in RE capacity—45 percent operational, 34 percent under construction, and 21 percent committed. This global footprint spans the Philippines, Australia, India, Laos, and the U.S., with additional projects in Indonesia, Vietnam, Bangladesh, and Taiwan. The company is also aiming for Net Zero greenhouse gas emissions by 2050.
