ACEN Corporation, the energy platform of Ayala Group, has invested PHP875 million into its wholly owned subsidiary Buendia Christiana Holdings Corporation (BCHC) to strengthen its renewable energy (RE) development pipeline across the Philippines and the broader Asia-Pacific (APAc).
The investment, announced via a disclosure to the Philippine Stock Exchange, includes the subscription of 875,000 common shares and 7.875 million redeemable preferred shares at PHP100 per share. The cash-funded transaction is pending regulatory approval for BCHC’s proposed capital increase to PHP8.5 billion.
BCHC, as a special purpose vehicle (SPV), plays a key role in land acquisition for ACEN’s upcoming clean energy projects. The funding will enable the subsidiary to secure strategic land parcels necessary for solar, wind, and other renewable installations.
ACEN emphasised that the move aligns with its long-term strategy to scale up renewable energy investments and achieve sustainability targets. With no external involvement in the deal, the company maintains full control over BCHC’s operations and project execution. This capital injection marks a continued push by ACEN to expand its regional footprint and support the Philippines’ clean energy transition.