ACEN, the listed renewable energy arm of the Ayala Group and one of the fastest-growing renewable energy platforms in Asia-Pacific, has extended up to P4 billion in short-term financing to wholly owned subsidiary Sanmar Solar Inc. to support the expansion of a large-scale solar facility in Zambales.
ACEN told the Philippine Stock Exchange that the loan proceeds will fund the construction of Phase 3 of Sanmar Solar’s 585-megawatt direct current solar power plant located in Barangay Santa Fe, San Marcelino, Zambales.
The financing highlights ACEN’s continued push to accelerate renewable energy investments as power demand rises and the country shifts toward cleaner energy sources.
The Philippines remains ACEN’s core and largest market, accounting for 35 percent of its renewable energy capacity. The company also has a significant presence in Australia, Vietnam, India, and Lao PDR, alongside strategic investments in Indonesia and other regional markets.
ACEN currently holds about 7 gigawatts of attributable renewable energy capacity covering operational, under-construction, and committed projects, positioning the company among the region’s leading clean energy developers.
The San Marcelino project forms part of ACEN’s broader strategy to expand utility-scale solar developments nationwide while supporting the country’s long-term energy transition goals.
As a developer, builder, and operator of renewable energy assets, ACEN said it continues to focus on delivering clean, reliable, and affordable electricity while advancing its commitment to net-zero greenhouse gas emissions by 2050.
The Zambales solar development is also expected to strengthen renewable energy supply in Luzon and contribute to reducing dependence on fossil fuels in the country’s main power grid.
