ACEN Secures ₱17.5B Loan to Boost Renewable Energy Growth

ACEN Corporation Secures P17.5 Billion from Landbank to Drive Clean Energy Expansion

The Ayala-led ACEN Corporation, a rapidly expanding player in the renewable energy sector, has taken a significant step by securing a P17.5 billion financing package with the state-run Land Bank of the Philippines (Landbank). This funding supports ACEN’s ambitious pipeline of clean energy projects and aligns with the Philippines’ national sustainable development goals.

The Breakdown of the P17.5-Billion Financing

The total ₱17.5 billion commitment consists of two components that optimize capital deployment and financial flexibility:

1. The P8-Billion Loan Agreement

This direct loan provides immediate capital to fund key renewable energy projects and general corporate requirements, offering certainty for upfront investments.

2. The P9.5-Billion Credit Facility (Reallocated)

This credit facility, a reallocation from ACEN’s previous ₱20-billion credit line with Landbank signed in 2023, offers flexible long-term funding. ACEN can draw funds as needed, matching project timelines and expenditure cycles while maintaining financial agility.

Context: Landbank’s Commitment to ACEN

This financing formalizes a 2023 Landbank commitment supporting ACEN’s renewable energy growth and corporate needs. The loan and credit facility demonstrate Landbank’s continued confidence in ACEN’s expanding renewable portfolio.

Strategic Significance: Powering the Clean Energy Transition

ACEN aims to reach 100% renewable energy by 2025 and 20 GW of capacity by 2030. This funding will be critical for solar, wind, and geothermal projects across the Philippines and Asia-Pacific.

Landbank’s role highlights government support for clean energy infrastructure, de-risking investments and encouraging further private and foreign capital inflows.

ACEN’s Growth Trajectory

This ₱17.5 billion financing accelerates ACEN’s expansion, enabling rapid conversion of its development pipeline into operational renewable assets and positioning ACEN as a regional clean energy leader.

With the country’s shift away from coal power, ACEN’s investments promise sustainable energy solutions critical for the Philippines’ energy security and environmental goals.

Conclusion

The ₱17.5 billion Landbank deal is a pivotal development for ACEN and the Philippine renewable energy sector. It fortifies ACEN’s financial foundation and underscores a key partnership in the nation’s transition towards a cleaner energy future.