MANILA, Philippines — Seeking new frontiers for clean power generation as land availability becomes tighter and more costly, the Ayala Group’s energy arm is looking to the water. Ayala-led ACEN Corp. has partnered with a prominent Norwegian company to aggressively deploy utility-scale floating solar farms across the region.
The strategy takes shape through a newly signed corporate agreement aimed at scaling up floating solar arrays on inland bodies of water and freshwater reservoirs.
The clean energy push is structured via a non-binding memorandum of understanding (MoU) signed between an international joint venture platform and a specialized European marine-tech innovator:
- The Joint Platform: ACEN-Silverwolf Pte. Ltd.—a joint venture renewable energy platform established between ACEN Renewables International Pte. Ltd. and Singapore-based financial advisory firm Silverwolf Capital Ltd.
- The Nordic Tech Partner: Oslo-headquartered Ocean Sun AS, a recognized leader in maritime-based photovoltaic systems that also runs operational hubs in Shanghai and Singapore.
- The Core Mandate: Subject to regulatory approvals and definitive binding contracts, Ocean Sun will license its patented floating hardware, while ACEN-Silverwolf will spearhead localized project development and regional site construction.
[ACEN Renewables International] ──┐ ├──► [ACEN-Silverwolf Joint Venture] ──► [Signs Floating Solar MoU][Silverwolf Capital Ltd.] ─────────┘ │ ▼[Scales Hydro-Elastic Membranes] ◄── [Patented Freshwater Floating Tech] ◄── [Ocean Sun AS (Norway)]
Traditional floating solar setups heavily rely on rigid, heavy pontoon structures that can be structurally vulnerable to strong aquatic currents and wind shear. The Norwegian developer cuts through these design flaws using a highly flexible, maritime-engineered approach:
[ OCEAN SUN FLOATING TECHNOLOGY ]
│
┌─────────────────────────────────┴─────────────────────────────────┐
▼ ▼
[ HYDRO-ELASTIC MEMBRANES ] [ THERMAL REFINEMENT ]
• Photovoltaic modules are mounted directly • Direct contact with water provides
on a flexible, heavy-duty membrane. continuous, natural cooling.
• Enables the entire solar structure to ride • Drastically optimizes solar cell efficiency
fluctuating waves and reservoir currents. and boosts total power generation.
The technology is custom-refined for robustness in freshwater installations, making it highly suitable for large-scale deployment across Asia’s extensive network of inland lakes and agricultural water reservoirs.
The exploration of floating solar parks matches ACEN’s highly aggressive corporate expansion strategy. Backed by a massive ₱80-billion capital expenditure budget for 2026, the energy giant is rapidly building out infrastructure to lift its attributable green footprint well past 8,000 megawatts (MW) before the year draws to a close.
[ ACEN CORP. 2026 FOOTPRINT PROFILE ]
│
┌───────────────────────────────────┼───────────────────────────────────┐
▼ ▼ ▼
[ TOTAL RE BASELINE ] [ REGIONAL EXPOSURE ] [ FIRST-QUARTER REVENUE ]
Holds 7,000 MW of operational, Active greenfield setups in the Consolidated Q1 net income
under-construction, or fully PH, Australia, Vietnam, India, surged by 50% to **₱2.9 billion**,
committed clean energy assets. Indonesia, and mainland China. rebounding from 2025 wind drops.
“Ocean Sun brings a floating solar technology that has been developed and refined over many years, with a clear focus on robustness and suitability for freshwater installations… For ACEN-Silverwolf, this is an important consideration as we assess technologies that can be deployed at scale across our portfolio.” — Kelvin Yuen, ACEN-Silverwolf Chairman
The geographical expansion targets remain flexible, but the initiative has an established regional foundation to build upon. ACEN-Silverwolf already operates more than 100 MW of commercial and industrial renewable assets across competitive Asian hubs—including Hong Kong, Malaysia, Thailand, Singapore, and mainland China—providing an immediate launching pad to transform these water-based pilot ventures into grid-connected, utility-scale power parks.