BDO backs ACEN’s wind power project

Biggest in Philippines

MANILA, Philippines — BDO Unibank Inc. is extending its full financial backing to ACEN Corp.’s landmark onshore wind power project, touted to be the largest in the Philippines, as part of a broader push to accelerate the country’s shift to renewable energy.

The Sy-led bank is providing P12.04 billion or about 35 percent of the P34.41 billion loan facility for the wind project, which is seen to deliver clean, reliable power to the Luzon grid, generate green jobs, and reduce carbon emissions. The facility will be financed over a 15-year term.

The project marks a key milestone in ACEN’s renewable energy expansion and supports the Philippines’ target of sourcing 35 percent of its energy mix from renewables by 2030.

“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,” ACEN president and CEO Eric Francia said.

“This collaboration demonstrates the powerful impact of aligning the financial sector with clean energy development to accelerate the country’s energy transition,” Francia said.

BDO plays multiple roles in the deal, with its investment banking arm BDO Capital & Investment Corp. acting as joint lead arranger, while BDO Trust Investments Group serves as facility agent and security trustee.

“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,” BDO Capital president Ed Francisco said.

The project aligns with BDO’s sustainability agenda, particularly in helping clients transition to greener business models and supporting high-impact, transformational investments.

“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,” said Charles Rodriguez, executive vice president and head of BDO’s Institutional Banking Group.

“We are committed to financing forward-looking investments that power industries, uplift communities and drive economic development,” Rodriguez said.

ACEN, the Ayala Group’s listed energy platform, has more than 4,800 megawatts of attributable capacity in its renewables portfolio across the Philippines and other Asia-Pacific markets.