Powers up PH’s largest wind project with ACEN partnership
BDO Unibank Inc. (BDO) has partnered with ACEN, the Ayala group’s listed energy platform, to finance ACEN’s Onshore Wind Power Project—set to become the largest wind power facility in the Philippines.
This project is expected to deliver clean, reliable power to the Luzon grid, help avoid significant carbon emissions, and generate livelihood opportunities for host communities. It serves as a key pillar of ACEN’s renewable energy expansion and a major contribution to the Philippines’ goal of achieving a 35% renewable energy mix by 2030.
“This partnership reflects BDO’s broader mission of empowering businesses to thrive while helping move the country toward a more energy-secure and low-carbon future. We are committed to financing forward-looking investments that power industries, uplift communities and drive economic development,” said Charles M. Rodriguez, BDO Executive Vice President and Head of the Institutional Banking Group.
BDO is financing ₱12.04 billion or 35% of the ₱34.41 billion total loan facility under a 15-year term. BDO plays a key role in the transaction as Senior Lender, while BDO Capital & Investment Corporation (BDO Capital) serves as Joint Lead Arranger, and BDO Trust Investments Group acts as Facility Agent and Security Trustee. This partnership demonstrates BDO’s full support for high-impact and transformational projects.
“BDO has been a long-standing and trusted partner of ACEN. Their full-spectrum support—from corporate lending to capital structuring and trust management—has played a critical role in advancing this landmark project. This collaboration demonstrates the powerful impact of aligning the financial sector with clean energy development to accelerate the country’s energy transition,” said Eric Francia, President and CEO of ACEN Corporation.
“As a Joint Lead Arranger, BDO Capital is committed to structuring innovative and sustainable financial solutions that help visionary companies like ACEN turn bold ideas into reality. We are proud to support projects that create long-term value for the economy and the environment,” shared Ed V. Francisco, President of BDO Capital.
The project also strengthens BDO’s strategy to align its portfolio with the country’s sustainable development goals while helping clients transition to greener business models.
