Afry will provide lender’s technical advisory services for the Quezon North Onshore Wind Power Project in the Philippines, which has a planned capacity of 344.5MW. Initially appointed for technical due diligence during the financing stage, Afry will now also support project lenders during the construction phase.
The project is being developed by Acen, the energy platform of the Ayala Group. Financing has been secured from Bank of the Philippine Islands, BDO Unibank, and Rizal Commercial Banking Corporation. Once operational, the wind farm is expected to generate around 1,100 gigawatt hours of renewable energy annually.
