Will Mills

Net Zero Future

In October 2021, ACEN committed to reach net zero greenhouse gas emissions by 2050 or earlier. “Being at the forefront of the energy transition goes hand in hand with our commitment to Net Zero. We will work closely with the Ayala group and continue to collaborate with our stakeholders as we carry out this important journey” - Eric Francia, President and CEO Read the press release

We are ACEN

Solar Panel
  • 9-Mo 2021 Highlights

    Net Income
    4.3B
    22%
    Attributable Output
    3,378GWh
    17%
    Attributable Capacity1
    >3,000MW
    operating & under construction
    Renewables Capacity1
    >2,500MW
    83% of total capacity

    The Philippines remains to be ACEN’s core market, and the company reinforces its strong commitment to invest in much needed energy projects in the country as it takes strides to expand and diversify its generation portfolio, and significantly increase its renewables capacity.

    1 Pro Forma – Includes recently announced transactions approved by the Board on 18 Oct 2021, subject to regulatory and shareholder approvals; and 283MW San Marcelino which announced NTP last 2 Nov 2021.
  • % RE Share Increase

    Renewables Share Increase.png
    1 Pro Forma – Includes recently announced transactions approved by the Board on 18 Oct 2021, subject to regulatory and shareholder approvals; and 283MW San Marcelino which announced NTP last 2 Nov 2021.

Sustainability Highlights

  • Our sustainability strategy

    Our sustainability strategy is embedded in our corporate strategy and aligned with the UN Sustainable Development Goals.

  • Protecting the Turtles

    In Ilocos Norte, where marine turtles lay eggs and nest, the dangers of poaching and smuggling of the eggs have significantly decreased. Through awareness campaigns and continuous trainings, the local community now acts as guardians of the endangered species, becoming partners of ACEN in turtle conservation.

  • Birds of the Conservation Estate

    The 700-hectare Conservation Estate of ACEN in Ilocos Norte is now home to 117 species of birds, 33 of which are endemic, and four classified as vulnerable. The company's wind farms, North Luzon Renewables and NorthWind, with the help of the locals, all work together to preserve biodiversity.

  • Piloting Circular Approach

    In Alaminos and Palauig, a total of 32,540 kg of plastic waste from solar panel packaging have been recycled into eco bricks to be used as construction materials for solar plant facilities as ACEN aims to "close the loop" in its project locations.

  • Capacity Building

    The forests of Pagudpud were once an area for hunting and lumber. Through ACEN’s agroforestry program, local residents learned how to nurture forest for harvest of fruit and vegetables and sustainable farming techniques such as contour hedgerow and watershed systems.

In the News

  • Council for Inclusive Capitalism Releases Framework to Guide Companies in Delivering a Just Energy Transition

    November 15, 2021

    Businesses, investors, academics, civil, and social representatives collaborate to develop resources to advance social equity while meeting environmental goals. November 05, 2021, New York – The Council for Inclusive Capitalism (Council) today shared the results of a months long initiative to help businesses ensure that the benefits of the energy transition are shared by workers,...

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  • ACEN commits to Net Zero greenhouse gas emissions by 2050

    October 25, 2021

    Oct 25, 2021 – Together with the Ayala group, ACEN is committing to achieve net zero greenhouse gas emissions by 2050, as announced by its Chairman Fernando Zobel de Ayala during the group’s Integrated Corporate Governance, Risk Management, and Sustainability Summit held Thursday, Oct 21, 2021. “As Ayala’s concrete contribution to the well-being of future...

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  • ACEN and AMI inaugurate 252 MW wind farm in Vietnam

    November 18, 2021

    • One of the largest wind farms in Vietnam • Over 1,600 local jobs created • Quang Binh wind farm will generate clean energy to supply to 270,000 homes and help avoid 580,000 tons of CO2 annually • This is ACEN’s second wind project completed ahead of the Feed-In-Tariff deadline 17 November 2021 – ACEN,...

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  • ACEN Nine Months 2021 Net Income Grows 22% to ₱4.3 Billion

    November 4, 2021

    • Net Income increased 22% to ₱4.3 billion • Revenues grew 24% to ₱18.9 billion • EBITDA rose 13% to ₱9.4 billion • Attributable output up 17% to 3,378 GWh 04 November 2021 – AC Energy Corporation (the Company, PSE: ACEN) disclosed today that its consolidated net income attributable to parent increased by a significant...

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  • ACEN to supply Ayala Land renewable energy until 2050

    October 29, 2021

    October 29, 2021 – Announced at the Ayala Sustainability Summit last week was the climate initiative collaboration between Ayala’s energy and real estate businesses, a significant milestone toward the group’s collective Net Zero ambition by 2050. AC Energy (PSE: ACEN) and Ayala Land have signed a power supply agreement for ACEN’s 120 MW solar plant...

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  • ACEN to increase stake in Ilocos Wind Farms

    October 21, 2021

    Series of acquisitions to increase ACEN’s renewables attributable capacity by ~50 MW, and add ~1,300 MW of renewables pipeline in the Philippines ACEN to increase ownership in three wind farms: – 81 MW North Luzon Renewables, Ilocos Norte from 67% to 78% – 160 MW Pagudpud Wind, Ilocos Norte from 85% to 100% – 52...

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  • ACEN Subsidiary Successfully Issues US$400 Million in Fixed-for-Life Green Bonds; Fresh Capital Raised in 2021 Reaches Close to US$1 Billion

    September 9, 2021

    Not for public release, publication, or distribution, directly or indirectly, in or into the United States or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.   Raised US$400.0 million in gross proceeds at 0% With the SRO, FOO, and investment by GIC’s Arran, ACEN has now...

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  • AC Energy and NEFIN Joint Venture to Offer Carbon Neutrality Solutions Across Asia

    August 5, 2021

    AC Energy subsidiary to enter a joint venture with NEFIN to develop, construct, and operate rooftop solar projects across Asia Primary infusion of US$ 10 million investment, with commitment of further funding for pipeline projects Geographies covered include Hong Kong, Malaysia, China, and Taiwan, with potential expansion to other Australasian countries August 4, 2021 –...

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