ACEN Corp. of the Zobel family has injected an additional P1 billion into a subsidiary responsible for securing new strategic sites for its renewable energy expansion, according to Philstar Biz.
The capital infusion will be used to identify and acquire land for new solar, wind, and other renewable energy projects, supporting ACEN’s target of reaching 20 gigawatts of attributable capacity by 2030. The subsidiary, which handles site development and land banking, previously received P500 million in 2025.
ACEN, one of the largest listed renewable energy platforms in the Philippines, has been aggressively expanding its portfolio across the region. The latest investment underscores the company’s commitment to scaling its clean energy footprint amid growing demand and supportive government policies.