Philippine ACEN plans to complete 5GW renewable energy inallation target by 2025--Seetao

ACEN Corporation, the energy business platform of the Ayala Group, is aggressively expanding its business to complete the target of 5GW of renewable energy installations by 2025. ACEN, which has achieved leapfrog growth in renewable energy assets from 0 to 1,000 megawatts (MW) in five years, said in its annual report that the company is building several projects simultaneously in 2023. Therefore, it is confident that the installed capacity target of 5 GW will be achieved by the end of 2025. ACEN's renewable energy assets have now reached 4.2GW. In addition to developing traditional renewable energy projects including onshore photovoltaic and onshore wind projects, ACEN will also study emerging technologies such as offshore wind and floating wind projects to expand its project capacity. The company currently has a concession project in the Laguna de Bay area of the Philippines, and will install floating photovoltaic projects. In the future, with 5 GW of renewable energy installed capacity, ACEN will further achieve a total of 20 GW of cumulative renewable energy installed capacity by 2030. In addition, the company also partially put into operation the Pagudpud wind power project in Ilocos Norte, Philippines last week, with an installed capacity of 160 MW, and 80 MW of capacity has been put into COD so far. Eric Francia, president of Acen, previously stated that the company's goal is to increase the operating capacity of the wind farm from 80 MW to 135 MW, and put the second phase of the project into operation in early 2023. Editor/Xu Shengpeng

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