ACEN Corporation, a leading renewable energy firm in the Asia-Pacific, forecasts a robust income surge in 2026 and 2027, driven by key renewable energy projects coming online. Chief Finance Officer and Chief Strategy Officer Jonathan Back shared an optimistic outlook at the company’s Annual Stockholders’ Meeting, emphasizing a 7-gigawatt project pipeline to fuel growth despite a slower 2025.
In 2024, ACEN achieved a 27% net income increase to PHP 9.36 billion, propelled by a 25% rise in renewables output to 5,600 gigawatt hours from new capacities in the Philippines and Australia. The company anticipates moderated growth in 2025 due to fewer projects reaching completion, with several major initiatives set to contribute only by year-end.
For 2026 and 2027, ACEN expects strong earnings growth as projects like the Monsoon Wind Project in Laos and the 520-MW Stubbo Solar Farm in Australia fully operate by late 2025.
“I think we’d expect to see pretty robust growth [from 2025 to 2026, and 2026 to 2027], because we have good visibility on our project pipeline and new projects coming online over the next two to three years,” Back said.
According to ACEN announcements, Monsoon Wind, a 600-MW project, will be Laos’ first wind farm and Southeast Asia’s first cross-border wind project, supplying Vietnam, powering nearly 300,000 households, and reducing carbon emissions by up to 823,600 metric tons.
Additional projects, such as the 300-MW Palawig solar and 335-MW Quezon North wind in the Philippines, will further enhance capacity. These initiatives, part of ACEN’s 7-gigawatt attributable portfolio, are poised to drive significant income gains.
ACEN targets a 15-20% annual growth rate over the next five years, down from the prior 20-25%, reflecting its larger scale and global headwinds. To fund expansion, ACEN approved a PHP 30-billion stock rights offering, with a floor price of PHP 2.30 per share, to be completed by September 2025. President and CEO Eric Francia noted that the funds will primarily support the company’s renewable project expansions, with potential debt reduction as a secondary goal.
This year, ACEN plans to add approximately 800 megawatts of capacity, primarily in Australia, India, and the Mekong region, representing over 20% growth in operating capacity. The company’s balance sheet remains strong, with cash reserves over PHP 25 billion and a net debt-to-equity ratio of 0.69, enabling it to navigate challenges like transmission delays and policy shifts. ACEN is also exploring energy storage systems to enhance grid reliability, reinforcing its commitment to the energy transition.
How do you view ACEN’s projected income surge for 2026-2027 and its renewable energy strategy? Share your thoughts on social media or discuss how these developments could influence the energy landscape.
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