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Manila Bulletin devider Business devider Trade & Industry devider ACEN's Quezon North wind project gets ₱900-million loan

ACEN's Quezon North wind project gets ₱900-million loan

Published Oct 2, 2025 11:05 am
Ayala-led ACEN Corp. announced that it has provided a ₱900-million loan for its subsidiary, Giga Ace 6 Inc. (GA6), to pursue its development for a new wind power project.
In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Oct. 2, ACEN said it has inked a short-term loan deal with GA6 to fund phases one and two of its Quezon North wind power project.
The project, which has about 553 megawatts (MW) worth of projected capacity, is expected to wrap up its first phase of construction by the fourth quarter of 2026. Its subsequent phase will then be scheduled sometime between 2027 and 2028.
Quezon North wind power project is located in multiple municipalities in the provinces of Quezon and Laguna, namely Mauban, Real, Paete, and Kalayaan.
Earlier this year, the project secured a ₱34.4-billion omnibus loan and security agreement (OLSA), which is a consolidated loan from three credit facilities: also Ayala-led Bank of the Philippine Islands (BPI), Sy-led BDO Unibank Inc. (BDO), and Yuchengco-led Rizal Commercial Banking Corp. (RCBC).
In July, GA6 was listed as one of the qualified bidders for the fourth round of the Green Energy Auction (GEA-4) of the Department of Energy (DOE), which auctioned onshore wind, solar power, and energy storage systems (ESS).
Meanwhile, ACEN’s subsidiary, Giga Wind 4 Inc., also plans to increase its wind power portfolio in Quezon via Banahaw wind power project. This would be located within the boundaries of Sariaya, and Barangays Alitao, Anos, Baguio, Bukal Ibaba, Bukal Ilaya, Calantas, Calumpang, Gibanga, Ipilan, and Malaoa in Tayabas, Quezon.
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