The Market Monitor Minding the Nation's Business
BDO Unibank Inc. (BDO) has teamed up with ACEN, the Ayala group’s listed energy platform, to finance what will become the largest onshore wind power project in the Philippines.
The project is poised to supply clean and reliable energy to the Luzon grid, cut carbon emissions, and create jobs in host communities. It also marks a major step in ACEN’s renewable energy growth and supports the national target of a 35% renewable energy mix by 2030.
BDO is contributing P12.04 billion—35% of the P34.41 billion total loan facility—through a 15-year term loan. As Senior Lender, BDO plays a central role in the financing, with BDO Capital & Investment Corporation acting as Joint Lead Arranger and BDO Trust Investments Group serving as Facility Agent and Security Trustee.
The partnership underscores BDO’s commitment to supporting transformational, high-impact 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 wind project also aligns with BDO’s strategy to help clients shift to more sustainable business models and support the country’s development agenda.
“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.