ACEN Corp. plans to revive a stock rights offering (SRO) during the second half of 2026 to support its accelerated capital deployment and renewable energy projects.
The energy company previously deferred a proposed P30-billion offering scheduled for September 2025, following adjustments to its capital expenditure timelines across Southeast Asia.
“Because of our pace of capital deployment, we are looking second half later this year for the next capital raising,” ACEN president Eric Francia said.
“Basically, we put it on hold indefinitely and then we’ll revisit it middle of the year,” Francia said.
“And then hopefully, we’ll be making a decision maybe in the second quarter on the latest plans for capital raising. But it’s on the table,” he said.
The proceeds are intended to meet growing capital requirements as the company projects capital expenditure to exceed P80 billion this year.
This represents a significant increase from the P55 billion allocated in 2025 for solar, wind and battery energy projects.
ACEN aims to reach 8 gigawatts of operating and under-construction projects globally this year. About 4.3 gigawatts of that total are currently operational.
Francia said half of the projected 1 gigawatt growth expected by the end of 2026 would originate from the Philippines.
Principal shareholders AC Energy and Infrastructure Corp. and Arran Investment Pte. Ltd. have indicated support for the offering.
Both entities plan to subscribe to their pro rata shares once terms are finalized. The ACEN board has approved the issuance and subsequent listing of the primary common shares.
