ACEN Corp. has extended further financial backing for its flagship wind development in Quezon, underscoring continued capital support for one of its largest renewable energy projects in the Philippines.
On Monday, May 4, ACEN executed a short-term loan agreement of up to P3 billion with its wholly owned subsidiary Giga Ace 6, Inc., the project company for the 344.5 megawatt Quezon North Wind Power Project in Quezon Province. The fresh facility adds to earlier funding support, including a P900 million short-term loan granted in October 2025 for the same project.
The sequential financing highlights ACEN’s ongoing commitment to ensuring liquidity and construction continuity for the wind farm, which is among its key renewable energy assets under development.
The Quezon North Wind Power Project has been positioned as a major addition to the company’s domestic clean energy portfolio, following ACEN’s earlier disclosure in October 2024 of its investment in Phases 1 and 2 of the project, including associated supporting infrastructure and transmission and connection assets.
ACEN, the listed energy platform of the Ayala group, continues to scale up its renewable footprint across the region. The company currently has around 7 gigawatts of attributable renewable energy capacity across operational, under-construction, and committed projects.
The Philippines remains its core market, accounting for about 35 percent of total capacity, while its international portfolio spans Australia, Vietnam, India, and Lao PDR, with additional strategic investments in Indonesia and other markets.
The repeated intra-group funding structure reflects a common financing approach in large-scale renewable development, where parent companies provide staged capital infusions to project subsidiaries as construction progresses. In this case, the growing loan size suggests rising capital requirements as the Quezon wind project advances toward execution milestones.
