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BPI finances first Aboitiz wind project
Manila Bulletin
|March 11, 2026
A yala-led Bank of the Philippine Islands (BPI) extended a ₱6.1-billion project finance facility to Cornerstone Energy Development Inc. (CEDI), a subsidiary of Aboitiz Renewables Inc. (ARI), marking the lender's latest move to solidify its position in the sustainable finance market.
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BPI said the funding will support the construction of a 58.5-megawatt (MW) onshore wind power project in Libmanan, Camarines Sur, marking Aboitiz Power Corp.'s (AboitizPower) first foray into wind energy. AboitizPower is ARI's parent company.
The project is expected to play a critical role in expanding the nation's renewable energy (RE) capacity and meeting the Department of Energy's (DOE) long-term targets for a cleaner power mix.
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