Renewables developer ACEN and the CEFC have joined forces to develop large-scale clean energy assets across Australia, powered by a $75 million CEFC investment that will help accelerate the delivery of an 8 GW clean energy portfolio that includes solar, wind, battery and pumped hydro.
The CEFC finance is part of an ACEN Australia debt raise targeting AUD$600 million and follows an AUD$140 million long-term, green loan agreement with Japanese lender MUFG and an AUD$100 million facility agreement with DBS Bank.
ACEN is a listed energy platform of Philippine diversified group Ayala, 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.