ACEN Corporation, one of the Philippines’ major renewable energy companies, has successfully obtained a large loan to build a wind power project in India. According to their SEC filing on March 25, 2026, the company secured INR 7.517 billion (Indian Rupees) from two big Japanese banks.
What’s This Loan For?
Think of this loan like when you borrow money from your parents to buy something important – except ACEN is borrowing from banks to build giant windmills that create electricity. The money will help build the first phase of the Bijapur Wind project, which will have the capacity to generate 100 megawatts (MW) of power.
The loan comes from two major international banks: Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Banking Corporation (SMBC). When big banks like these lend money to a project, it shows they trust that the project will be successful.
Where and What is the Bijapur Wind Project?
The project is located in Bijapur, Karnataka, which is a state in India. ACEN is building it through a company they own called Diyos Renewables India Project Private Limited.
The wind farm will sell its electricity to SJVN Limited, a company owned by India’s government. This is done through something called a Power Purchase Agreement (PPA), which is like a long-term contract promising to buy the electricity the windmills produce.
How Much Clean Energy Will It Make?
Once completed in 2027, the Bijapur Wind project is expected to generate about 330 million kilowatt-hours (kWh) of clean electricity every year. To help you understand how big that is, imagine it could power hundreds of thousands of homes.
Even better for the environment, this clean energy will help avoid releasing around 300,000 tonnes of carbon dioxide (CO₂) into the air each year. CO₂ is a gas that contributes to climate change, so avoiding it is good for our planet.
Why India?
India has set a big goal: to have 500 gigawatts (GW) of renewable energy capacity by 2030. This Bijapur project helps India move closer to that target. For ACEN, India represents an important market for growth alongside their operations in the Philippines, Australia, Vietnam, and other countries.
Patrice Clausse, an executive at ACEN International, explained that getting this loan shows that global banks believe in ACEN’s ability to develop quality renewable energy projects. Alok Nigam, who leads ACEN’s operations in India, added that this project fits into their plan to build more clean energy projects in India.
About ACEN Corporation
ACEN is part of the Ayala Group, one of the oldest and largest business groups in the Philippines. The company focuses entirely on renewable (clean) energy and is growing rapidly across the Asia Pacific region.
Currently, ACEN has 7 GW of renewable energy capacity across various projects that are either operating, being built, or have signed agreements. The company has committed to achieving Net Zero greenhouse gas emissions by 2050, meaning they want to balance out any pollution they create.
ACEN is listed on the Philippine Stock Exchange with the ticker symbol ACEN. According to the filing, the company has 39,951,435,064 common shares outstanding, plus preferred shares.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
