ACEN Sustainability-Linked Facility

Project Dates: October 2023 - December 2050
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 ACEN Sustainability-Linked Facility
PROJECT OBJECTIVE

Provide a PHP 5.5 billion loan and PHP 1 billion partial credit guarantee as a sustainability-linked facility to finance solar photovoltaic projects in the Philippines with environmental and social performance indicators.

PROJECT DESCRIPTION

The loan of PHP5,500,000,000 and partial credit guarantee of PHP1,000,000,000 will be a sustainability-linked facility with performance indicators on environmental and social matters. The loan proceeds will be used to finance solar photovoltaic projects in the Philippines.


SECTORS OR AREAS OF WORK
  1. Renewables
  2. Energy finance

Region/Location

BUDGET

USD 115,040,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None
ADDITIONAL INFORMATION

The implementing agency is ACEN Corporation. The government partner is not available, and the project end date is set as 31 December 2050, indicating that the project is ongoing but the timeline cannot be specified due to confidentiality. More information at https//www.adb.org/projects/56241-001/main


BUDGET

USD 115,040,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None