In a powerful push toward a cleaner, greener future, BDO Unibank Inc. has teamed up with ACEN, the Ayala Group’s energy arm, to finance what is poised to become the largest onshore wind project in the Philippines—a move that propels the country’s renewable energy ambitions to new heights.
Through a ₱12.04 billion commitment—over a third of the total ₱34.41 billion project cost—BDO cements its role as a key driver of sustainable infrastructure. The loan, under a 15-year term, is part of a strategic partnership that not only fuels renewable energy, but also supports livelihoods and reduces carbon emissions across Luzon.
“This isn’t just a loan—it’s a long-term investment in the country’s energy security,” said Charles M. Rodriguez, BDO Executive Vice President and Head of the Institutional Banking Group. “We’re backing innovations that power industries, uplift communities, and move us closer to a low-carbon economy.”
As Senior Lender, BDO leads the financing pack, with its subsidiaries BDO Capital & Investment Corporation acting as Joint Lead Arranger, and BDO Trust and Investments Group serving as Facility Agent and Security Trustee.
ACEN President and CEO Eric Francia hailed BDO as a vital partner: “BDO’s full-spectrum support has been instrumental in getting this landmark project off the ground. This collaboration shows how the financial sector can meaningfully accelerate the shift to clean energy.”
The project is not only a major win for ACEN’s growing renewable portfolio, but also a significant leap toward the country’s target of a 35% renewable energy mix by 2030. The wind facility is expected to deliver sustainable power to the Luzon grid and make a meaningful dent in the country’s carbon emissions.
“This deal showcases what happens when bold vision meets smart finance,” added Ed V. Francisco, President of BDO Capital. “We’re proud to support transformational projects that deliver lasting value for both the environment and the economy.”
With this landmark agreement, BDO continues to align its lending portfolio with the country’s sustainable development goals—ensuring that big banking plays a big role in building a better, greener Philippines.
