ACEN Infuses PHP 875 Million into Subsidiary BCHC to Bolster Renewable Energy Expansion Plans

Ayala-led ACEN Corporation has announced a capital infusion of PHP 875 million into its wholly owned subsidiary, Buendia Christiana Holdings Corp. (BCHC), as part of efforts to strengthen its long-term power development pipeline in the Philippines and the broader Asia-Pacific region.

In a disclosure to the Philippine Stock Exchange, ACEN confirmed the signing of a subscription agreement with BCHC on June 25, 2025. The deal covers the acquisition of 875,000 common shares and 7,875,000 redeemable preferred shares, all priced at PHP 100 per share. The total investment will be fully paid in cash.

The shares will be issued from BCHC’s authorized capital stock, pending regulatory approval for a proposed capitalization increase to PHP 8.5 billion.

The fresh capital is intended to support BCHC’s primary mandate as a special purpose vehicle (SPV) responsible for land acquisition to facilitate ACEN’s pipeline of renewable energy projects. The transaction will enable BCHC to secure strategic land assets crucial to the development of upcoming solar, wind, and other clean energy projects.

ACEN emphasized that the move aligns with its broader strategy to accelerate renewable energy investments and meet its sustainability goals, with no external parties involved in the transaction given BCHC’s status as a wholly owned subsidiary.

The capital injection underscores ACEN’s commitment to scaling its renewable energy footprint across the region and reinforces the company’s role as a key driver in the Philippines’ clean energy transition.