ACEN Corporation has provided a PHP 900 million short-term loan to its wholly-owned subsidiary Giga Ace 6, Inc., to advance the Quezon North Wind Power Project, including infrastructure and transmission assets for Phases 1 and 2.

The agreement, dated October 1, 2025, follows ACEN’s earlier investments in the initiative, as detailed in prior SEC filings.

This latest financing builds on a major funding milestone earlier this year. In April 2025, Giga Ace 6 sealed a PHP 34.4 billion omnibus loan and security agreement with Bank of the Philippine Islands, BDO Unibank, Inc., and Rizal Commercial Banking Corporation to partially finance the project’s construction. 

The 553-megawatt onshore wind farm, formerly known as Isla Wind, spans municipalities in Quezon (Mauban and Real) and Laguna (Paete and Kalayaan), with a total estimated investment of PHP 70 billion.

Phase 1, at 344.5 MW, is targeted for completion by the fourth quarter of 2026, while Phase 2, at 208 MW, aims for end-2027 or early 2028.

As the Ayala Group’s energy arm, ACEN is pursuing 20 gigawatts of clean capacity by 2030, with ongoing projects including the 300-MW Palauig 2 and 200-MW San Marcelino solar farms in Zambales, plus international ventures like the 520-MW Stubbo Solar in Australia and 600-MW Monsoon Wind in Laos.

How does this financing shift impact your renewable strategies or the broader wind market? Drop your thoughts below—let’s discuss with energy experts.

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