ACEN Corp. has secured a 277-million Australian dollar funding from major international banks to bankroll the renewable projects of its subsidiary, ACEN Australia Pty Ltd. (ACEN Australia). Know more:
ACEN Corp. has secured a 277-million Australian dollar funding from major international banks to bankroll the renewable projects of its subsidiary, ACEN Australia Pty Ltd. .
Comprising the syndicate are Bank of China in Manila and Hong Kong, CTBC Bank in Manila and Singapore, and Standard Chartered Bank in Australia. “The funds will be allocated to finance the development and construction of ACEN’s project pipeline in Australia encompassing solar, wind, battery storage, pumped hydro power and energy storage,” added ACEN.
The following month, two transactions were completed: the AU$140 million green long-term facility signed with MUFG Sydney Branch, and the AU$75 million green debt facility signed with the Australian government’s Clean Energy Finance Corporation .
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