ACEN’s Australian unit secures $75-m assistance

By Alena Mae S. Flores October 28, 2022, 7:35 pm
from manilastandard.net

ACEN Corp. said Friday Clean Energy Finance Corp. agreed to provide a $75-million loan to ACEN Australia for the development of an 8-gigawatt clean energy portfolio that includes solar, wind, battery and pumped hydro projects.

“CEFC plays a critical role in helping us enable renewable developments in Australia. The world is geared towards net zero, and collaboration across industries and the society is vital in this journey. ACEN is at the forefront of this decarbonization movement and aims to deliver 20 GW of renewable energy capacity by 2030,” ACEN International chief operating officer Patrice Clause said.

The CEFC finance is part of an ACEN Australia debt raise targeting Au$600 million and follows an Au$$140 million long-term green loan agreement with Japanese lender MUFG and an Au$100-million facility agreement with DBS Bank.

ACEN Australia will use the loan to further develop its portfolio of Australian clean energy assets.