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ACEN-Citicore JV secures P2.59-B loan for solar operations
Business World Philippines
|December 12, 2025
ACEN CORP. and Citicore Solar Energy Corp.'s joint venture (JV) Greencore Power Solutions 3, Inc. has secured a P2.59-billion loan from the Development Bank of the Philippines (DBP), aimed at supporting the Pampanga solar plant and its renewable energy operations, the companies said.
ACEN and its subsidiary ACEN Global Development Group, Inc. have signed an omnibus loan and security agreement with DBP to act as sponsor and share collateral guarantor for Greencore 3, according to a regulatory filing on Thursday. Citicore Solar will serve as sponsor and collateral grantor for the loan.
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