ACEN Corp. Partners With Ocean Sun AS To Expand Floating Solar Projects Across Asia

Ayala-led ACEN Corp. is strengthening its clean energy presence in Asia through a new partnership with Norwegian floating solar technology company Ocean Sun AS. The collaboration aims to develop large-scale floating solar projects across different Asian markets, focusing mainly on inland water bodies and freshwater reservoirs.

The agreement was signed between ACEN-Silverwolf Pte. Ltd., a joint venture of ACEN Renewables International and Silverwolf Capital Ltd., and Ocean Sun AS through a nonbinding memorandum of understanding. Under the partnership, Ocean Sun will provide its patented floating solar technology along with its maritime expertise, while ACEN-Silverwolf will contribute its renewable energy experience and operational capabilities across the region.

According to Kelvin Yuen, chairperson of ACEN-Silverwolf, Ocean Sun’s floating solar technology has been recognized for its strong design and long-term suitability for freshwater applications. He explained that the partnership will allow ACEN-Silverwolf to test, support, and expand the technology across its growing renewable energy portfolio in Asia.

Ocean Sun is working to expand its global presence in floating solar technology and currently operates in Norway, Singapore, and China. The partnership also supports ACEN’s broader regional clean energy expansion strategy.

At present, ACEN-Silverwolf manages more than 100 megawatts of commercial and industrial renewable energy assets across Malaysia, Thailand, China, Hong Kong, and Singapore. Meanwhile, the larger ACEN Group has already achieved an attributable renewable energy capacity of 7,000 megawatts.

The company is also increasing investments to support future growth. ACEN has allocated around 80 billion pesos in capital expenditure for 2026 to fund renewable energy projects in the Philippines and international markets. The expansion is supported by strong financial results, with ACEN reporting a 50 percent increase in consolidated net income to 2.9 billion pesos in the first quarter of 2026, while total revenue rose 42 percent year-on-year to 10.73 billion pesos.