BIZ BUZZ: RE leader
Ayala-led ACEN is no doubt leading the renewable energy (RE) game with the company winning recognition for its Ilocos Norte wind farm.
Thanks to its massive investments in clean power, ACEN dominated the inaugural Department of Energy (DOE) Sustainable Energy Awards 2024 out of 246 entries.
ACEN key officials took pride as their 81-megawatt North Luzon wind project further cemented its position as a dominant renewable player in the market.
The project generates about 205,000 megawatt-hours of clean energy annually, powering around 50,000 homes and avoiding 144,000 metric tons of carbon emissions each year.
Deemed a sustainable development, the project has a 700-hectare Conservation Estate spearheading efforts in reforestation, agroforestry, biodiversity protection and circularity programs.
“This recognition is especially meaningful as it coincides with the 10th anniversary of North Luzon Renewables’ (NLR) operations. The success of NLR reflects ACEN’s unwavering commitment to sustainability and our vision of a renewable energy-powered future,” ACEN president and CEO Eric Francia said.