August 12, 2025 | 12:00am
MANILA, Philippines — Ayala-led ACEN Corp. is powering its worldwide enlargement with a $100-million (about P5.7 billion) time period mortgage with MUFG Financial institution Ltd. Singapore department.
In a regulatory submitting yesterday, the corporate stated its subsidiary, ACEN Worldwide Inc., and MUFG Financial institution not too long ago accomplished the signing of a facility settlement.
The financing will bankroll ACEN’s investments in present and future renewable power tasks exterior the Philippines and for different normal company necessities.
Presently, ACEN is current in a number of progress markets, together with the Philippines, Australia and the US.
It is usually setting its sights on India as the following powerhouse of its Asia-Pacific enlargement, leveraging the nation’s huge renewable power potential.
“India has turn into a cornerstone of our regional renewables technique,” ACEN Worldwide CEO Patrice Clausse stated.
The Ayala Group’s listed power platform highlighted its over 2,100 megawatts (MW) of attributable renewables in India throughout the five-day state go to of President Marcos final week.
“Its (India) bold goal of 500 GW (gigawatts) of renewable capability by 2030, together with a supportive coverage setting, gives a powerful platform for long-term funding and collaboration,” Clausse stated.
Since its foray into the Indian market in 2019, ACEN has developed two main tasks in partnership with Singapore-based UPC Renewables and Yanara, previously BrightNight India.
These tasks embrace 630 MW of photo voltaic tasks already working and a strong pipeline underneath improvement throughout Rajasthan, Karnataka, Gujarat, Maharashtra and Madhya Pradesh.
“India stands out for its scale, innovation and openness to world collaboration. We look ahead to persevering with our partnerships and supporting India’s clear power targets for the a long time forward,” Clausse stated.
In June, ACEN accelerated its enlargement in India by advancing the development of a 420-MW photo voltaic farm and a 120-MW wind park.
With completion focused by early 2027, the 2 tasks are anticipated to generate 1,158 GW-hours of fresh energy yearly.
The technology output is sufficient to mild up round 241,000 properties and displace over 876,000 tons of carbon emissions.
In response to BloombergNEF Climatescope 2024, India was probably the most enticing rising marketplace for renewable energy investments globally.
The Philippines, in the meantime, was carefully trailing in second spot, marking an enchancment from fourth-place rating in 2023 and a powerful leap from twentieth place in 2021.
In a separate disclosure yesterday, ACEN disclosed plans to postpone its proposed P30-billion inventory rights providing (SRO) to a later date from its authentic September goal.
The transfer comes after the ACEN board licensed the deferral because of the “revised scheduling of the group’s capital expenditures in quite a lot of its markets in Southeast Asia.”
The SRO is a capital-raising exercise that enables present shareholders of a publicly listed firm to purchase extra shares, often at a reduced worth.
