ACEN Corp. said Wednesday that its consolidated net income rose 34 percent to P2.70 billion for the first quarter of 2024 from P2 billion a year earlier, thanks to a 49-percent increase in attributable renewable energy output.In a filing, it said that its statutory revenues — comprised of the consolidated Philippine and Australian businesses — also increased 8 percent year-on-year to P9.85 billion from P9.
Total attributable renewables output across ACEN's facilities worldwide has reached 1,580 gigawatt-hours , driven by production from the company's newly operational plants.In the Philippines, ACEN said its RE plants generated 570 GWh in the first quarter, up 83 percent year-on-year, due to output from the commissioning of new solar and wind farms.