ACEN Corp.’s subsidiary ACEN Australia has secured an AUD 100 million (around $69 US dollars) green loan from the DBS Bank of Australia to partially fund its renewable energy ventures in Australia.
“The loan will provide capital financing for ACEN’s eligible green assets in Australia as part of its strategic aspiration to grow its renewables capacity to 20 GW by 2030,” ACEN said in a statement.
This loan is part of ACEN’s goal to raise an initial issuance of AUD600 million to support the company’s projects in Australia.
“The initial green loan facility with DBS will help advance our fund-raising capacity of over AUD 600 million in Australia to develop and construct existing and additional pipeline of renewable energy projects in Australia,” ACEN Australia CEO Anton Rohner said in a statement.
ACEN is looking to expand its RE capacity to 20 gigawatts by 2030.
“We are committed to growing ACEN’s renewables platform backed by our vision to reach 20 GW of renewables by 2030. ACEN is leading the charge with the decarbonization opportunities across Asia and the Pacific. We aim to make a significant impact in this space, and create long term value for our stakeholders,” ACEN International COO Patrice Clausse said.