Acen Corporation Stocks

Acen Corporation, a subsidiary of AC Energy and Infrastructure Corporation, was established in 1969 and is based in Makati City, Philippines. The company, which operated as AC Energy Corporation until its name change in July 2022, is primarily involved in power generation and trading, as well as oil and mineral exploration, development, and production, with operations spanning the Philippines and international markets. Its diverse energy portfolio encompasses numerous facilities. Within the Philippines, Acen manages wind farms of 81 megawatts (MW) and 52MW in Ilocos Norte, alongside a 54MW site in Guimaras. Solar power assets include 80MWdc, 18MWdc, and 45MWdc farms in Negros Occidental; a 120MWdc solar farm in Alaminos, Laguna; and a 63MWdc facility in Palauig, Zambales. Internationally, the company operates wind farms in Vietnam (40MW in Binh Thuan, 252MW in Quang Binh, 88MW in Ninh Thuan) and a 75MW wind farm in South Sulawesi, Indonesia. Its global solar presence also features an 80MWdc plant spanning Dak Lak and Khanh Hoa in Vietnam, and two solar farms in India, specifically 140MWdc and 70MWdc installations in Rajasthan and Gujarat. Beyond renewable sources, Acen's generation capacity includes a 244MW coal thermal project situated in Batangas, Philippines. The company also maintains several diesel plants within the Philippines, comprising 108MW in Olongapo City, 20MW in La Union, 48MW in Bulacan, a 24MW power barge in Iloilo, and a 150MW facility in Pililia, Rizal. Geothermal energy contributes to its output with a 32MW plant in Santo Tomas, Batangas, and a significant 663MW plant in West Java, Indonesia. In addition to its core energy activities, Acen Corporation engages in leasing and land development, participates in the wholesale electricity spot market for power trading, distributes petroleum products, undertakes financing ventures, and offers advisory and consultancy services.