The portfolio of ACEN Corp. contains the 160-megawatt Pagudpud Wind venture in Ilocos Norte. INQUIRER FILES
MANILA, Philippines — Listed ACEN Corp. noticed its internet earnings leap by 27 p.c final yr following the activation of extra renewable vitality crops.
In a disclosure on Wednesday, the renewable vitality arm of the Ayala Group mentioned its internet earnings attributable to the fairness holders of the mother or father firm had risen to P9.36 billion from the P7.39 billion posted within the earlier yr.
The group’s 2024 revenues additionally improved to P37.3 billion, barely greater than P36.49 billion in 2023.
ACEN mentioned its sturdy efficiency was pushed by the 25-percent enhance in renewables output in 2024, which had reached 5,596 gigawatt hours.
READ: ACEN to bolster portfolio with 1.2 GW new capability by end-2025
Crops energized all year long contributed 37 p.c of core money stream. Within the Philippines, this new capability additionally supported the growth of the corporate’s internet vendor place to 1,131 GWh, a 57 p.c enhance year-on-year.
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