ACEN Corp., the energy platform of the Ayala Group, has more than 2,400 megawatts of projects under construction. It is now closer to achieving 20,000 megawatts in RE capacity by 2030. It completes its world’s first market-based energy transition mechanism for the 246-MW South Luzon Thermal Energy Corp. coal plant In November 2022. That raises P7.2 billion from the full divestment of SLTEC, which ACEN can use to fund further renewables expansion. Such as the newly approved expansion project by PBBM recently for cheaper electricity on a wider scale. This is contrary to the previous Aquino government.