ACEN Australia bags $75m funding for 8GW renewable energy projects

This CEFC investment will accelerate the development of ACEN’s renewables portfolio.

ACEN has received a $75m funding from CEFC for the development of its 8-gigawatt renewable energy portfolio.

The $75m financing forms part of ACEN Australia’s debt raise targeting AUD$600m. It also followed the AUD$140 long-term, green loan agreement with MUFG and a AUD$100m facility agreement with DBS Bank. 

“With this investment, the CEFC is helping deliver the assets that are critical to reaching net zero emissions by 2050,” CEFC CEO Ian Learmonth said.

“The CEFC is confirming its commitment to the developers who are delivering more clean energy generation. For ten years we have led the way in developing Australia’s solar sector.”  

Read more: ACEN Australia begins 50MW battery storage development

ACEN Australia has more than 1.5GW of projects in advanced stages of development. This includes the New England Solar project, New England Battery, Stubbo Solar and Valley of the Winds projects in the NSW New England and Central-West Orana Renewable Energy Zones.