ACEN Australia Completes AUD750 Million Financing for Renewables Push

ACEN Australia has successfully completed a AUD750 million portfolio debt financing package for its operating renewable assets and upcoming projects, reinforcing its role as a long-term investor in Australia’s clean energy transition.

The financing supports the near-complete 520 MWdc (400 MWac) Stubbo Solar project in New South Wales. I Photo: ACEN Facebook

The financing supports the near-complete 520 MWdc (400 MWac) Stubbo Solar project in New South Wales and follows the successful first generation from Stage 1 of the 521 MWdc (400 MWac) New England Solar project in 2023.

The transaction drew support from a syndicate of 11 leading Australian and international lenders, broadening ACEN Australia's financial network and signaling strong market confidence in its track record and growth strategy.

“This establishes a robust funding base for our diverse portfolio of wind, solar, pumped hydro, and battery storage projects,” said David Pollington, ACEN Australia Managing Director.

“It reinforces our position as a trusted long-term developer, owner, and operator of renewable energy assets.”

ACEN Australia Chief Financial and Investments Officer Phillip Mak added that the deal highlights the company’s ability to independently structure competitive capital solutions, reflecting its strength as a key portfolio company of PSE-listed ACEN Corporation.