BDO Unibank Inc. (BDO) has collaborated with ACEN, the listed energy platform of the Ayala Group, to provide funding for ACEN’s Onshore Wind Power Project, which is set to become the largest wind energy facility in the country.
The project aims to deliver stable and eco-friendly electricity to the Luzon grid, reduce substantial carbon emissions, and offer job opportunities to local communities.
It stands as a cornerstone of ACEN’s renewable energy expansion and aligns with the Philippines’ target of achieving a 35% renewable energy mix by the year 2030.
BDO is contributing ₱12.04 billion, covering 35% of the total ₱34.41 billion loan, under a 15-year financing term.
BDO takes the lead as the Senior Lender in this transaction. BDO Capital & Investment Corporation is the Joint Lead Arranger, while BDO Trust Investments Group is assigned as Facility Agent and Security Trustee.
This collaboration highlights BDO’s unwavering support for transformative, high-impact ventures.
“BDO has been a dependable and long-term partner of ACEN. Their comprehensive support—from corporate financing to capital structuring and trust services—has been essential in pushing this landmark project forward. This partnership shows how the financial sector can be a strong force in driving clean energy progress and accelerating the country’s energy transition,” said Eric Francia, President and CEO of ACEN Corporation.
“As Joint Lead Arranger, BDO Capital is dedicated to creating innovative and sustainable financial solutions that help visionary companies like ACEN bring ambitious projects to life. We’re honored to back initiatives that offer lasting benefits to both the economy and the environment,” said Ed V. Francisco, President of BDO Capital.
The project also strengthens BDO’s efforts to align its investment portfolio with national sustainable development goals while supporting clients in shifting toward greener business models.
“This partnership reflects BDO’s larger mission to empower businesses while contributing to a more energy-secure and low-carbon future. We are committed to funding progressive investments that energize industries, uplift communities, and spur economic growth,” said Charles M. Rodriguez, Executive Vice President and Head of the Institutional Banking Group at BDO.
