ACEN Corporation’s subsidiaries have voluntarily relinquished 13 wind and solar energy service and operating contracts as the company streamlines its renewable energy project pipeline and shifts its focus toward selective investments and stronger operational performance.

In a November 11 disclosure to the Philippine Stock Exchange, ACEN confirmed that 11 subsidiaries surrendered six wind energy service contracts and seven solar energy service and operating contracts in support of the Department of Energy’s (DOE) ongoing service contract cleanup initiative.

The relinquished wind contracts were held by Gigasol4, Gigawind2, Giga Ace 7, Gigawind5, and NorthPoint Wind Power Development Corporation. Meanwhile, the solar contracts were held by Ingrid4 Power Corporation, Adlao Energy Corporation, AC Laguna Solar, AC Subic Solar, Pangasinan UPC Asia Corporation, and Laguna Central Renewables.

ACEN said the relinquishments would have no material impact on its operations, as the affected projects remained in the early stages of pre-development and had not yet reached a final investment decision.

The move forms part of ACEN’s broader strategic realignment following a decade of rapid renewable energy expansion. The company’s attributable renewable energy capacity increased from approximately 100 megawatts (MW) in 2016 to around 7,500 MW in 2026, representing a compound annual growth rate exceeding 50%.

“Our next phase is about translating the scale we have built into stronger operating performance and long-term value,” said ACEN President and CEO John Eric T. Francia.

ACEN is now prioritizing the completion of projects under construction, improving the performance of existing renewable energy assets, and aligning capital deployment with prevailing market conditions.

The company said it would pursue new investments more selectively, focusing on projects with strong economic fundamentals, sound commercial arrangements, and strategic relevance.

To support this direction, ACEN’s Board of Directors approved three senior leadership appointments effective January 1, 2027.

Roman Miguel G. de Jesus was appointed Chief Executive Officer of ACEN Philippines, overseeing domestic project delivery, operations, and commercial activities. He has served as Chief Operating Officer of the Philippine business since 2025.

Ma. Cecilia T. Cruzabra will assume the position of ACEN Group Chief Financial Officer, overseeing corporate strategy, financial management, capital allocation, funding, risk management, and sustainability management.

Meanwhile, Theodore Ivan Paris was appointed Group Treasurer, with responsibility for the company’s treasury operations.

The appointments accompany ACEN’s organizational realignment into three business units: ACEN Philippines under de Jesus, ACEN Investments under Patrice Clausse, and ACEN Australia under Jose Maria Zabaleta.

Francia will remain President and CEO of the listed parent company, ACEN Corporation.

Despite streamlining its development pipeline, ACEN said it would continue investing in renewable energy opportunities that meet its commercial and strategic requirements.

“We will continue to invest where we see clear strategic and economic value, while ensuring that our existing portfolio delivers on its full potential,” Francia said.