In a significant development for the renewable energy sector, AC Energy (ACEN Australia), a subsidiary of Ayala Corporation, has announced its ambitious plan to triple its investment in Australian renewables to a staggering $6 billion. This move underscores the growing importance of renewable energy in Australia and signifies ACEN’s commitment to supporting the country’s transition to a more sustainable energy future.
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ACEN Australia: A brief overview
ACEN Australia, a Philippines-based renewable energy company and the energy platform of Ayala Corporation is a prominent player in the global renewable energy market. With a strong focus on sustainable and environmentally responsible energy solutions, ACEN is renowned for its portfolio of renewable projects across various countries. Their investments encompass a wide range of renewable energy sources, including solar, wind, and hydro, significantly contributing to the global shift towards clean energy.
ACEN Australia's investment plan
ACEN Australia has announced plans to triple its investment in Australia over the next three years to $6 billion. The company has been highly active in the Australian market this year and seeks to bring a further 3 GW of new renewable capacity online with increased investment.
ACEN’s CEO, Eric Francia, said the company is “committed to helping Australia achieve its net-zero emissions target by 2050.” He added that ACEN’s investments in Australia will “create jobs, boost the economy, and help to reduce emissions.”
ACEN’s portfolio in Australia includes several solar and wind farms and battery storage projects.
The Australian government has welcomed ACEN’s investment plans. Prime Minister Anthony Albanese said the investment is “a vote of confidence in Australia’s renewable energy sector.”
ACEN’s investment is a significant boost for the Australian renewable energy sector. The company is one of the largest renewable energy investors in the world, and its investment plans will help accelerate the transition to a clean energy future.
In addition to the $6 billion investment in Australia, ACEN plans to invest $10 billion in renewable energy projects in other parts of the world. The company aims to reach 50 GW of renewable energy capacity by 2030.
ACEN’s investment plans show the growing momentum behind the global transition to renewable energy. Governments and businesses worldwide increasingly recognise the need to reduce emissions and mitigate climate change. Renewable energy is a key part of the solution, and ACEN’s investment is a major vote of confidence in the sector.
Image: Anthony Albanese @AlboMP Twitter- Australian Prime Minister Anthony Albanese for his bilateral meeting with President Ferdinand Marcos Jr. and signing a Strategic Partnership Agreement in Malacanang Palace, Philippines. Albanese had a brief discussion also with the CEO Eric T. Francia of ACEN.
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ACEN's other Australian projects
- The 400 MW Stubbo Solar Farm in Stubbo, New South Wales
- The 720 MW New England Solar Farm in Uralla, New South Wales
- The 800 MW Valley of the Winds in Coolah, New South Wales
- The North East Wind development of a large-scale wind project located in the Dorset municipality in North East Tasmania
- The 800 MW Phoenix Pumped Hydro, a 12-hour pumped hydro project is within the NSW Government’s Central-West Orana Renewable Energy Zone (REZ)
Image: ACEN Australia – ACEN Australia CEO Anton Rohner with, from right, ACEN CEO Eric Francia, local member Adam Marshall and Federal Energy Minister Chris Bowen. New England Solar officially opened on March 16, 2023, reaffirming ACEN’s commitment to strengthen Australia’s energy security while bolstering the country’s roadmap to a low carbon future.
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