ACEN Australia Secures AUD 750 Million Financing to Power Renewable Growth

ACEN Australia has successfully closed a AUD 750 million portfolio debt financing deal to support both its operational renewable assets and upcoming projects, reinforcing its long-term commitment to Australia’s clean energy future.

The financing package, backed by 11 leading Australian and international banks, will support the completion of the 400MW Stubbo Solar project in New South Wales and build on the momentum of the 400MW New England Solar project, which began generating in 2023.

With over 1,000MW of wind, solar, pumped hydro and battery storage now in operation or construction, and a 13GW pipeline in development, the transaction solidifies ACEN Australia’s position as a key energy player in the National Electricity Market.

Managing Director David Pollington highlighted the importance of investor confidence: “Attracting top-tier financial partners demonstrates our credibility as a long-term developer and operator of clean infrastructure.”

Chief Financial and Investments Officer Philip Mak added, “This deal strengthens our funding platform and accelerates project delivery, thanks to the solid backing of our parent company, ACEN Corporation (PSE: ACEN).”

Participating financial institutions included major names such as ANZ, Commonwealth Bank, HSBC, DBS, MUFG, and Westpac. Macquarie Capital and Morgan Stanley acted as joint financial advisors, with Allens and Herbert Smith Freehills providing legal counsel to ACEN and the lenders respectively.