ACEN Extends Debt for 134-MWp Solar Park in Cagayan

• ACEN has increased funding for the 133.5-MWp Cagayan North Solar Power project in the Philippines, part of a larger scheme planned to be operational in 2024. The new loan agreement will help build up the country's solar energy capacity and provide clean and renewable energy for the Philippines.

ACEN has increased a debt facility of up to PHP 1.16 billion for the 133.5-MWp Cagayan North Solar Power project in the Philippines. The funds will form part of a larger scheme planned to be operational in 2024 and developed by Natures Renewable Energy Development Corp, an ACEN and CleanTech Global Renewables joint venture. The facility is an amendment to an existing loan agreement with all terms and conditions kept the same. The project is aimed at building up the solar energy capacity in the Philippines and providing clean and renewable energy for the country.

What Loan Facility is ACEN Offering for Cagayan North Solar?

• ACEN is providing a loan facility of up to PHP 1.16 billion for the Cagayan North Solar Power project.
• The loan facility is an amendment to an existing agreement, with all terms and conditions kept the same.
• The project aims to build up the solar energy capacity in the Philippines and provide clean and renewable energy for the country.
• The funds will form part of a larger scheme planned to be operational in 2024 and developed by Natures Renewable Energy Development Corp, an ACEN and CleanTech Global Renewables joint venture.
• The project will create jobs, reduce greenhouse gas emissions and provide reliable and affordable energy to consumers.