ACEN Corporation, one of the Philippines’ major renewable energy companies, has announced an exciting partnership that could bring a new kind of solar power technology to Asian waters. According to a disclosure filed with the Philippine Stock Exchange on May 20, 2026, the company is working with a Norwegian technology provider to install floating solar panels on lakes and reservoirs across the region.

What’s This Partnership About?

Think of regular solar panels, but instead of being on rooftops or land, they float on water like a giant raft covered in solar panels. That’s exactly what Ocean Sun AS, a company from Norway, has created. They’ve signed a memorandum of understanding (MoU) with ACEN-Silverwolf, which is a partnership between ACEN and another company called Silverwolf Capital Limited.

A memorandum of understanding is like a “promise to work together” agreement – it’s not final yet, but it shows both companies are serious about partnering up. They still need to get official approvals and sign the final paperwork before they can start building these floating solar farms.

Where Will These Floating Solar Panels Go?

The companies plan to install these special floating solar panels on freshwater locations like lakes, reservoirs, and other inland water bodies across selected Asian countries. They’re focusing on building large utility-scale installations, which means these won’t be small projects – they’ll be big enough to power many homes and businesses.

What Makes Ocean Sun’s Technology Special?

According to the disclosure, Ocean Sun uses something called “hydro-elastic membranes” – think of them as flexible floating mats that can move with the water. Their solar panels are mounted on these special membranes, which the company says work better and cost less than other floating solar systems available today. The Norwegian company has been developing and improving this technology for many years, making it strong and suitable specifically for freshwater environments.

About ACEN-Silverwolf

ACEN-Silverwolf is the joint venture (a business partnership) between ACEN’s international investment division and Silverwolf Capital Limited. Together, they already own and operate over 100 megawatts (MW) of renewable energy projects across several Asian countries including China, Hong Kong, Malaysia, Thailand, and Singapore. These are mostly commercial and industrial renewable energy assets, meaning they provide clean power to businesses and factories.

Kelvin Yuen, Chairman of ACEN-Silverwolf, explained that Ocean Sun’s technology has been tested and improved over many years, with a strong focus on making it work reliably on freshwater. He said this partnership gives them a structured way to test and eventually use this technology across their different projects in Asia.

About ACEN Corporation

ACEN Corporation (stock code: ACEN) is the energy company of the Ayala Group, one of the Philippines’ oldest and largest business groups. The company describes itself as one of the fastest-growing renewable energy companies in the Asia Pacific region.

The Philippines is ACEN’s main market, but the company also has operations in Australia, Vietnam, India, and Lao PDR, with investments in Indonesia and other countries. Currently, ACEN has 7 gigawatts (GW) of renewable energy capacity – that’s enough to power millions of homes. This includes projects that are already running, projects being built, and projects with signed agreements.

What makes ACEN special is that 100% of their electricity generation comes from renewable sources like solar, wind, and hydro power. The company has set an ambitious goal to achieve Net Zero greenhouse gas emissions by 2050, meaning they want to remove as much carbon from the atmosphere as they produce.

What the Leaders Are Saying

Kristian Torvold, CEO of Ocean Sun, said this partnership creates a clear plan to expand their floating solar technology with an experienced renewable energy developer. He mentioned it supports their strategy of licensing their technology to partners rather than building everything themselves, which helps them grow faster while keeping costs down.

About Ocean Sun

Ocean Sun is a Norwegian company that combined Norway’s expertise in maritime (ocean and water) technology with knowledge about solar panels to create this innovative floating solar system. They have offices in Oslo (Norway), Singapore, and Shanghai (China), and their goal is to become the world’s leading provider of floating solar technology.

As stated in the disclosure, this announcement contains forward-looking statements, which means the plans discussed might change based on various factors and opportunities. The actual results may differ from what’s described in this partnership announcement.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.