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ACEN eyes $13 M solar projects in Malaysia

The Philippine Star

|

March 06, 2025

Ayala-led ACEN is looking to further expand its footprint in Southeast Asia, planning to unlock solar power potential in Malaysia through a multimillion-dollar investment.

- By BRIX LELIS

ACEN, through ACEN Renewables International Pte. Ltd., intends to invest in solar projects totaling around 80 megawatts (MW) with its Singapore-based partner, ib vogt (Singapore) Pte. Ltd.

IBV ACEN Renewables Asia Pte. Ltd., the joint venture company, is "currently in the final stages of assessing and finalizing an investment" in various solar projects in Malaysia, ACEN said.

The listed energy platform of the Ayala Group plans to invest about $13 million for this power venture.

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