A substantial capital investment of Php 660 million has been reported by ACEN Corporation in its subsidiary, Buendia Christiana Holdings Corporation (BCHC). In order to accelerate the company’s renewable energy projects, 660,000 common shares and 5.94 million redeemable preferred shares (RPS) were subscribed for.
Strategic Investment for Land Acquisition
The investment will allow BCHC to acquire important land assets required for future power development projects, ACEN stressed in a regulatory filing. As a significant subsidiary, BCHC is essential to ACEN’s long-term plan for expanding its use of renewable energy by managing and purchasing property.
Expanding Renewable Energy Footprint
With a goal of 20 gigawatts (GW) of attributable capacity by 2030, ACEN has been rapidly expanding its renewable energy portfolio globally:
3.3 GW in operation
2.3 GW under construction
1.4 GW in committed projects
This continued expansion underscores ACEN’s commitment to leading the global shift toward sustainable energy while reinforcing its presence in key international markets.
Driving the Clean Energy Transition
With sustainability and green energy solutions gaining momentum worldwide, ACEN’s aggressive investment strategy positions the company as a major contributor to a low-carbon future. By securing essential land assets and scaling its renewable energy projects, ACEN is poised to play a crucial role in driving the clean energy transition and ensuring long-term energy resilience.
