๐๐ƒ๐Ž ๐Ÿ๐ฎ๐ž๐ฅ๐ฌ ๐๐‡โ€™๐ฌ ๐›๐ข๐ ๐ ๐ž๐ฌ๐ญ ๐ฐ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ ๐ฐ๐ข๐ญ๐ก โ‚ฑ๐Ÿ๐Ÿ๐ ๐›๐จ๐จ๐ฌ๐ญ

In a powerful push toward a cleaner, greener future, BDO Unibank Inc. has teamed up with ACEN, the Ayala Groupโ€™s energy arm, to finance what is poised to become the largest onshore wind project in the Philippinesโ€”a move that propels the countryโ€™s renewable energy ambitions to new heights.

Through a โ‚ฑ12.04 billion commitmentโ€”over a third of the total โ‚ฑ34.41 billion project costโ€”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.

โ€œThis isnโ€™t just a loanโ€”itโ€™s a long-term investment in the countryโ€™s energy security,โ€ said Charles M. Rodriguez, BDO Executive Vice President and Head of the Institutional Banking Group. โ€œWeโ€™re backing innovations that power industries, uplift communities, and move us closer to a low-carbon economy.โ€

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: โ€œBDOโ€™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.โ€

The project is not only a major win for ACENโ€™s growing renewable portfolio, but also a significant leap toward the countryโ€™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 countryโ€™s carbon emissions.

โ€œThis deal showcases what happens when bold vision meets smart finance,โ€ added Ed V. Francisco, President of BDO Capital. โ€œWeโ€™re proud to support transformational projects that deliver lasting value for both the environment and the economy.โ€

With this landmark agreement, BDO continues to align its lending portfolio with the countryโ€™s sustainable development goalsโ€”ensuring that big banking plays a big role in building a better, greener Philippines.

Share this post:

Leave a Reply

Your email address will not be published. Required fields are marked *