ACEN Corp. plans to spend more than P80 billion in capital expenditure this year to fund its solar, wind and battery energy projects, representing a 50-percent increase from the P55 billion allocated in 2025.
ACEN Corp. president and chief executive Eric Francia said about P60 billion or 75 percent of the total budget would be spent in the Philippines.
The domestic push includes foyur large projects, such as the Palauig development, as the company works on 1.2 gigawatts of capacity that is either under construction or nearing the start of work.
The Philippine market saw about P24 billion in spending last year, but Francia noted that the current outlook remains subject to project timelines and potential slippages.
“This is just an outlook because if the project timeline slips, it will move to the following year. But hopefully there will be no slippages,” he said.
ACEN aims to reach 8 gigawatts of operating and under-construction projects globally this year, up from its current 7 gigawatts. Of the existing portfolio, 4.3 gigawatts of renewable energy projects are currently operational.
Francia said he expects half of the 1-gigawatt growth target to come from the Philippines and anticipates an improved financial performance for the year.
The company reported a consolidated net income of P1.8 billion for the first 9 months of the previous year, a 78-percent decline largely attributed to nonrecurring items. Excluding those one-off factors, net income fell 18 percent to P4.3 billion.
The decline in net income attributable to the parent company was primarily caused by a P2.7 billion impairment on two wind projects in Vietnam during the first half of the year.
Francia said the company expects to benefit from new capacity coming online, including the full-year impact of the Monsoon Wind project which began operations in the second half of 2025.
