# ACEN renewable energy developments in the Philippines > Live situation record from CLSTR: https://clstr.news/situations/acen-renewable-energy-developments-in-the-philippines > Updated: 2026-09-04T06:25:42.000Z. Sources: 2. Developments: 2. ACEN Corporation and its partners are advancing several renewable energy initiatives in the Philippines through significant financing and structural reorganizations. In late August 2026, ACEN Corp. and Yanara Philippines Corp. secured a PHP 2.3-billion project finance facility from Rizal Commercial Banking Corp. to develop the 75-megawatt Sual Solar project in Pangasinan. This project, a joint venture through Renovable Earth Corp., was selected under a government green energy auction and is expected to provide electricity between 2026 and 2029. By early September 2026, ACEN expanded its financial commitments, approving a P9 billion capital infusion for its subsidiaries. This includes P6 billion for Sanmar Solar Inc. to develop a 500-megawatt battery energy storage system and solar park in Zambales, and P3.24 billion for Giga Ace 8 Inc. to finance the 300-megawatt Palauig 2 solar project. Additionally, ACEN underwent a portfolio restructuring that involved the dissolution of 12 inactive subsidiaries and the sale of several energy corporations to Yanara Philippines Corp. ## Timeline ### 2026-09-04: ACEN Corporation invests P9 billion in Philippine solar and storage projects ACEN Corporation is investing over P9 billion into solar and battery storage projects in the Philippines while restructuring its subsidiary portfolio and dissolving inactive units. 2 sources. https://clstr.news/cluster/acen-corporation-invests-p9-billion-in-philippine-solar-and-storage-projects ### 2026-08-28: ACEN and Yanara secure PHP 2.3B loan for Sual solar project ACEN Corp. and Yanara secured a PHP 2.3-billion loan from RCBC to develop a 75-MW solar project in Pangasinan, Philippines, aimed at powering 69,000 homes. 2 sources. https://clstr.news/cluster/acen-and-yanara-secure-php-23b-loan-for-sual-solar-project --- Cite as: ACEN renewable energy developments in the Philippines. CLSTR, https://clstr.news/situations/acen-renewable-energy-developments-in-the-philippines