Energy & Mining

ACEN is tightening its investment pipeline, preparing to surrender some renewable energy service contracts, and reshuffling its leadership as it shifts from rapid expansion to improving project returns, operating efficiency, and profitability.

Shell Pilipinas Corporation narrowed its net loss to P929 million in the first nine months of 2026 from P2.7 billion at the end of the first half, as it returned to positive core earnings in the third quarter.

Indonesia’s sovereign wealth fund, Indonesia Investment Authority (INA), has entered a strategic partnership with global renewable energy developer Vena Global Group Pte. Ltd. to invest in a 2,800-megawatt portfolio of renewable energy projects spanning Indonesia and the Philippines, the firms announced Wednesday.

Wholesale electricity prices across the Philippines climbed 18.4 percent in October from September levels, according to the Independent Electricity Market Operator of the Philippines (IEMOP).

ACEN Corp. reported a net loss of P609 million in the third quarter of 2026 after booking provisions and impairment charges for wind and solar assets, even as stronger generation and contributions from new projects lifted consolidated net income for the first nine months by 84 percent to P3.3 billion.