ACEN Corp., the renewable energy arm of Ayala Corp., said Thursday it invested an additional P875 million in its subsidiary Buendia Christiana Holdings Corp. (BCHC) to acquire more land for potential power projects.
ACEN said in a disclosure to the Philippine Stock Exchange it subscribed to an additional 875,000 common shares and 7,875,000 redeemable preferred shares in BCHC, all priced at P100 per share. The transaction increases ACEN’s stake in BCHC, a special purpose vehicle for land acquisition, by 15 percent.
“The proceeds of ACEN’s subscription will be used by BCHC to acquire additional parcels of land for the ACEN group’s various potential power projects,” the company said.
The latest investment follows a previous subscription agreement on March 18, 2025, where ACEN acquired common and redeemable preferred shares in BCHC equivalent to a 13-percent stake.
ACEN, the Ayala group’s listed energy platform, is among the fastest-growing renewable energy platforms in Asia Pacific.
The Philippines is its core and largest market, accounting for 35 percent of its capacity. The company also has a significant presence in Australia, Vietnam, India and Laos, with strategic investments in Indonesia and other markets.
ACEN has 7 gigawatts of attributable renewable energy capacity, encompassing projects in operation, under construction and with signed agreements.
