ACEN Australia has finalized a AUD750 million portfolio debt financing deal to support both current renewable energy projects as well as those underway. This financing highlights the company’s long standing commitment to Australia’s transition to clean energy.
The deal will help fund the nearly completed 520 MWdc (400 MWac) Stubbo Solar project in New South Wales, and builds on momentum from the successful launch of Stage 1 of the 521 MWdc (400 MWac) New England Solar project, which began generating power in 2023.
Backed by a consortium of 11 prominent Australian and international lenders, the transaction expands ACEN Australia’s financial network and signals strong market confidence in the company’s performance and vision for the future.
ACEN Australia managing director David Pollington highlighted the significance of the deal: “Our ability to attract top-tier financial partners reinforces our position as a trusted, long-term developer, owner and operator of assets, and reflects growing investor appetite for high-quality, renewable infrastructure in Australia.”
The financing will significantly bolster ACEN’s diversified portfolio, which spans from wind, solar, pumped hydro, and battery storage, with over 1,000 MW of capacity currently operational or under construction across the National Electricity Market.
ACEN Australia’s chief financial and investments officer, Phillip Mak, emphasized the company’s financial independence and strategic capabilities: “This transaction strengthens our funding platform, accelerates our delivery pipeline, and positions us as a capable partner backed by a stable and diverse capital base.”
Participating financial institutions include ANZ, Commonwealth Bank, CTBC Bank (Singapore and Philippines), Cathay United Bank, Deutsche Bank, DBS, HSBC, MUFG, Sumitomo Mitsui, UOB, and Westpac.
What bold new projects should ACEN undertake? Do you think this financing deal will affect the Philippine economy in some way?
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