Ayala-led ACEN Corporation is ramping up its renewable energy portfolio investments portfolio target across Asian markets to 18,000 megawatts , a mammoth 13,000MW expansion from its original development plan of 5,000MW through year 2025, making it the biggest capacity build-up by a power industry player in the country.
For the blueprinted capacity installations, it was emphasized that the bulk at 8,100MW will be developed in Australia; followed by the Ayala firm’s home market in the Philippines with 6,500MW capacity expansion; then 1,600MW will be pursued in Vietnam; and around 1,800MW will be developed in India and other markets.
For RE development prospects in the Philippines, ACEN President and CEO Eric T. Francia noted the company is seeing potential in helping shore up power capacity for the country as it straddles new episode of strained supply predicaments.