ACEN unit gets fresh $75M funding for its Australian business

Clean Energy Finance Corp. has extended a $75 million loan to ACEN Australia to accelerate its 8-gigawatt clean energy portfolio, including solar, wind, battery, and pumped hydro.

ACEN said the financing is part of an ACEN Australia debt raise targeting AUD$600 million and follows an AUD$140m long-term, green loan agreement with Japanese lender MUFG and an AUD$100m facility agreement with DBS Bank.

ACEN is the listed energy platform of the Ayala conglomerate with an 18 GW development portfolio throughout the Asia Pacific region.

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

ACEN Australia has more than 1.5 GW of projects at an advanced stage of development, including the New England Solar project, New England Battery, Stubbo Solar, and Valley of the Winds in the NSW New England and Central-West Orana Renewable Energy Zones, as well as the Robbins Island and Jim’s Plain Wind in North-West Tasmania.

ACEN Australia CEO Anton Rohner said the debt facilities would allow the company to expedite the 400-megawatt Stubbo Solar project.