C05744-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Aug 22, 2024
2. SEC Identification Number
39274
3. BIR Tax Identification No.
000-506-020-000
4. Exact name of issuer as specified in its charter
ACEN CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
35th Floor, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue Postal Code 1226
8. Issuer's telephone number, including area code
77306300
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 39,677,394,773
Series A Preferred Shares 8,341,500
Series B Preferred Shares 16,658,500
11. Indicate the item numbers reported herein
Item 9 - Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

ACEN CORPORATIONACEN

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

ACEN and Barito Renewables Announce Strategic Partnership to Transform Indonesia’s Wind Energy Landscape
Background/Description of the Disclosure

Jakarta, Indonesia, 22 August 2024 – ACEN, the listed energy platform of the Ayala group, and PT Barito Renewables Energy Tbk ("Barito Renewables") are proud to announce a transformative partnership designed to accelerate the development of wind renewable energy projects across Indonesia. This exclusive collaboration, effective immediately, brings together two industry leaders, united in their vision to drive the nation’s shift towards a sustainable energy future.

This strategic partnership will be executed through ACEN's subsidiary, ACEN Indonesia Investment Holdings Pte. Ltd., and Barito Renewables' subsidiary, PT Barito Wind Energy. It builds on the pivotal 2024 acquisition of three strategically located late-stage wind development assets in South Sulawesi, Sukabumi, and Lombok, announced last 3 January 2024. These assets collectively offer an impressive potential capacity of 320 MW of wind energy, supplemented by cutting-edge battery energy storage solutions, poised to enhance grid stability and efficiency across the region.

A Bold Step Towards Sustainable Energy Leadership

Patrice Clausse, Group Chief Investment Officer of ACEN, highlighted the significance of this partnership:

"This exclusive partnership with Barito Renewables represents a bold step forward in our commitment to advancing Indonesia’s renewable energy sector. It not only aligns with ACEN’s growth strategy in the region but also exemplifies our dedication to fostering innovative and sustainable energy solutions. Together with Barito Renewables, we are prepared to set new benchmarks in the industry and contribute meaningfully to Indonesia’s clean energy goals."

Hendra Tan, CEO of Barito Renewables, shared his excitement about the collaboration:

“Our exclusive partnership with ACEN represents a significant step toward realizing our mission of driving sustainable energy growth in Indonesia. This strategic move underscores our commitment to pioneering renewable energy solutions and contributing to a greener future.”

Catalyzing Indonesia’s Renewable Energy Transformation

The partnership signals a robust commitment to exploring and developing innovative wind energy projects that will play a vital role in Indonesia’s transition to a low-carbon economy. By harnessing the strengths of both ACEN and Barito Renewables, the partnership aims to lead the charge in Indonesia’s journey toward decarbonization, ensuring the delivery of clean, reliable, and sustainable energy to meet the growing demands of the nation.

DISCLAIMER: This disclosure may contain forward-looking statements that are subject to risk factors and opportunities that may affect ACEN’s plans to complete the transaction/s subject of this disclosure. Each forward-looking statement is made only as of the date of this disclosure. Outcomes of the subject transaction may differ materially from those expressed in the forward-looking statements included in this disclosure.
Other Relevant Information

About ACEN

ACEN (PSE: ACEN) is the listed energy platform of the Ayala Group with a fast-growing presence in the Philippines, Australia, Vietnam, India, Indonesia, Lao PDR and the U.S.A. The company currently accounts for 4.8 GW of attributable renewables capacity in operation and under construction.

ACEN aims to provide clean, reliable and affordable energy in the Asia Pacific and grow its renewables capacity to 20 GW by 2030. The company has been pioneering initiatives in early coal retirement and committed to becoming a Net Zero greenhouse gas emissions company by 2050.

www.acenrenewables.com

For inquiries and more information, please contact:

For media:
Irene Maranan
Head – Corporate Communications and Sustainability
[email protected]
Filed on behalf by:
Name Dodjie Lagazo
Designation General Counsel; Assistant Corporate Secretary; Compliance Officer