ACEN Corporation
ACPIF
Other OTC0.02
USD
- -
- -
ISIN
PHY1001H1024
CUSIP
Y1001H102
Return %
Stock
S&P500
1Y
-50.00
15.64
3Y
-71.43
71.17
5Y
-87.50
71.14
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- John Eric T. Francia
- Full Time Employees
- 365
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- Ayala Triangle Gardens Tower 2 Makati City MM Philippines 1226
- IPO Date
- Feb 19, 2013
- Website
- acenrenewables.com
- Similar Companies
- Business
- Acen Corporation operates as a renewable energy company primarily engaged in the development, ownership, and operation of clean energy assets across the Asia-Pacific region. Its main product offerings include renewable power generation from solar, wind, geothermal, and battery energy storage systems. The company provides large-scale solar farms, wind power projects, geothermal energy plants, and hybrid solar-wind facilities. It supports these assets with long-term energy service agreements and financing arrangements to ensure stable and sustainable power supply. Founded in 2016 and headquartered in the Philippines, Acen has expanded its operations to include significant projects in India, Australia, Vietnam, Malaysia, Indonesia, and Bangladesh. The company is committed to 100% clean energy generation by divesting from fossil-fuel-based assets and pursuing aggressive renewable capacity growth targets. Acen's subsidiaries and affiliated entities manage various portfolios, including development and operational assets in utility-scale renewables and commercial/industrial hybrid projects. Recent major developments include a $70.5 million acquisition of a 49% stake in BIM Energy’s renewable platform in Vietnam, strengthening its presence in Southeast Asia. Acen also secured A$75 million in green loans to fund renewable energy projects and has entered strategic partnerships such as its collaboration with UPC Renewables to build 540 MW of renewable capacity in India. The company recently completed the sale of interests in diesel power plants to fully transition to renewables and secured access rights to renewable energy zones in Australia to advance solar and battery energy projects. Furthermore, Acen is targeting the commissioning of approximately 800 MW of new renewable projects by 2025 across Australia, India, and the Mekong region. It maintains a robust balance sheet with significant liquidity to support expansion and technological investments, including energy storage solutions to enhance grid stability. Acen seeks to reach 20 GW attributable renewable capacity by 2030 and achieve net-zero greenhouse gas emissions by 2050. Acen operates mainly in the renewable energy industry, serving utility-scale power purchasers, commercial and industrial clients, and regional electricity grids. Its geographic footprint spans the Philippines, India, Australia, Vietnam, Indonesia, Malaysia, and Bangladesh. The company is a subsidiary of Ayala Corporation and focuses on sustainable energy solutions to meet rising regional demand for clean power. In summary, Acen Corporation is a rapidly growing renewable energy platform engaged in solar, wind, geothermal, and energy storage projects throughout Asia-Pacific. It has recently solidified its market position through key acquisitions, financing deals, asset divestitures, and strategic project developments targeting clean energy capacity expansion and sustainability goals. Its headquarters are located in the Philippines, where it also manages a significant part of its operations.