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Brix Lelis - The Philippine Star
December 23, 2025 | 12:00am
In a stock exchange filing yesterday, the company said it had signed loan agreements last week with the Ty family-led bank for the omnibus credit line.
STAR / File
MANILA, Philippines — Ayala-led ACEN Corp. has secured a loan facility of up to P15 billion from Metropolitan Bank & Trust Co. (Metrobank) to drive its renewable energy expansion.
In a stock exchange filing yesterday, the company said it had signed loan agreements last week with the Ty family-led bank for the omnibus credit line.
The Ayala Group’s listed energy platform intends to use the loan to finance new projects and refinance existing ones.
While all efforts will focus on renewable power, ACEN noted that the loan is not limited to any specific project.
ACEN, one of the leading power producers in the Philippines, currently has a global generation portfolio of around seven gigawatts spanning operational, under-construction and committed projects.
The company is also positioning itself as one of the fastest-growing renewable power platforms in the Asia-Pacific region, with investments in key markets including Australia, Vietnam, India, and Laos.
Earlier this month, ACEN and its partner, Citicore Solar Energy Corp. inked a P2.59-billion loan with the Development Bank of the Philippines for their solar venture in Pampanga.
Through their joint venture, ACEN and the Saavedra-led energy firm operate a 115.67-megawatt solar farm in the municipalities of Arayat and Mexico in Pampanga.
From January to September, ACEN saw its attributable net income fall by 78 percent to P1.79 billion from P8.14 billion a year earlier, while revenues contracted by 18 percent to P23 billion from P28 billion.
The decline was attributed to lower power spot prices in the Philippines and Australia, weaker solar irradiance in core markets and offline wind plants in northern Luzon.
Notwithstanding this, ACEN president and CEO Eric Francia remained upbeat on the company’s growth prospects, counting on its robust project pipeline.
“We remain focused on scaling our renewables portfolio and accelerating investments in energy storage in particular, with a long-term strategy anchored on disciplined expansion, strong partnerships and delivering sustainable value,” Francia said.
