ACEN CORP. said it sees a “silver lining” in having excess power to sell to customers, as energy market volatility linked to the Middle East conflict creates opportunities for renewable energy (RE) providers, its chief executive said.
“The silver lining is we have now excess power to sell to customers. So, that is a very good time to supply our renewable energy product to customers because we do have inventory,” ACEN President and Chief Executive Officer Eric T. Francia told reporters on the sidelines of the 2026 Philippine Energy Forum on Wednesday.
He said the corporate expects its overall financial performance this 12 months to enhance from last 12 months. “What I can say is that this 12 months, in fact, is anticipated to be stronger than last 12 months from an overall financial performance perspective.”
He added that the corporate is seeking to boost renewable energy output through the restoration of damaged wind farms in Ilocos Norte, in addition to the continued contribution of enormous power plants that began operations last 12 months.
ACEN operates in several markets, including the Philippines, Australia, Vietnam, India, Indonesia, Laos, and america.
Amid risks linked to the Middle East conflict, Mr. Francia said the corporate’s operations outside the Philippines and Australia have seen minimal impact on existing power plants.
“It’s not that impacted because we don’t depend on fuel and the tariff is fixed,” he said.
Global markets, particularly those reliant on imported oil, proceed to face volatility in supply and costs amid disruptions within the Middle East.
Mr. Francia said the situation highlights the necessity to speculate in indigenous energy sources equivalent to renewable energy and energy storage to cut back dependence on fossil fuels.
At the identical time, he said rising inflation and rates of interest linked to the conflict may temper investment and spending decisions.
“You’ve got to think about that there will likely be some cost pressure on renewables as well due to supply chain issues, delay issues, cost of capital increase and so forth,” Mr. Francia said.
In 2025, ACEN’s net income fell 60% to P3.8 billion resulting from lower spot market prices and operational challenges.
Revenues declined by 14% to P32 billion, reflecting lower spot market prices and reduced power generation in its core markets. — Sheldeen Joy Talavera