AFRY is lender’s technical advisor for the largest onshore wind power project in the Philippines
AFRY has been confirmed to provide lender’s technical advisory services for the Quezon North Onshore Wind Power Project, which is set to become the largest onshore wind farm in the Philippines. Initially appointed to conduct technical due diligence during the financing phase, AFRY will now also oversee the construction for the project lenders, ensuring its successful delivery and long-term contribution to the country’s clean energy goals.
AFRY has been confirmed to provide lender’s technical advisory services for the Quezon North Onshore Wind Power Project, which is set to become the largest onshore wind farm in the Philippines. Initially appointed to conduct technical due diligence during the financing phase, AFRY will now also oversee the construction for the project lenders, ensuring its successful delivery and long-term contribution to the country’s clean energy goals.
ACEN, the energy platform of the publicly listed Philippine conglomerate Ayala Group, has secured financing from the Bank of the Philippine Islands, BDO Unibank Inc., and Rizal Commercial Banking Corporation to support the development of this flagship project.
AFRY played a key role in enabling the financial close by delivering technical due diligence to the lenders. AFRY has now been appointed to continue as lender’s technical advisor (LTA) throughout construction, commissioning, and initial operations of the project, which has a planned capacity of 344.5 MW.
Once fully operational, the facility is expected to generate approximately 1,100 GWh of renewable energy annually.
“This milestone project marks a significant step forward for the clean energy transition in the Philippines. We are proud to have supported ACEN in securing financing for the realisation of the country’s largest onshore wind farm. Our role as LTA reflects AFRY’s long-standing commitment to accelerating the global energy transition through trusted technical expertise that supports both lenders and sponsors,” says Petteri Härkki, AFRY’s Asia Regional Director for Renewable Energy.
Learn more about AFRY’s operations in the Philippines
In the Philippines, AFRY has been involved in a wide spectrum of energy sector projects. This includes ground-mounted, floating and rooftop solar PV, onshore and offshore wind power, battery storage, hydropower, pumped storage systems, biomass, and natural gas power plants, liquified natural gas (LNG) terminals, LNG-to-Power, nuclear power and transmission and distribution grids. Overall, AFRY has successfully completed about 300 power sector assignments in the Philippines, showcasing a strong commitment to sustainable solutions that accelerate the country’s transition to a clean energy future.
For more information, please contact:
Petteri Härkki, Regional Director Asia, Renewable Energy and Thermal Power
petteri.harkki@afry.com
Virginia Ferrari, Communications Manager, Energy Division
virginia.ferrari@afry.com
We are 18,000 devoted experts in industry, energy and infrastructure sectors, creating impact for generations to come. AFRY has Nordic roots with a global reach, net sales of 27 BSEK and is listed on Nasdaq Stockholm.
Making Future