Project Details
Project
ACEN Green Finance Framework Second Party-Opinion
Client
ACEN Corporation
Project Type
Green Bond/Loan
Industry Group
Utilities
Use of Proceeds
Renewable energy
Location
Philippines
Evaluation Date
Aug 2025
Evaluation Summary
ACEN Corporation has developed the Green Finance Framework, dated August 2025, under which it intends to obtain or issue green financing instruments, such as loans, bonds, contingent facilities, revolving credit facilities and other debt instruments. ACEN will use the proceeds to fund projects in its core market, the Philippines, and its other key markets, including Australia, Vietnam, India, Laos, Indonesia and the United States, in one environmental category.
We have assessed the overall Sustainability Contribution of the Framework as Strong based on the Sustainability Contribution of the Framework’s single use of proceeds category. ACEN intends to finance environmental expenditures in Renewable Energy, with a focus on solar, wind, geothermal and hydropower energy generation; battery energy storage solutions; and production of renewable energy components. Such expenditures are expected to strongly contribute to reducing emissions from the energy sector and support its decarbonization.
We have assessed the Framework as Aligned with the Green Bond Principles 2025 and the Green Loan Principles 2025.