SUBSCRIBE
PROFILE

ACEN Australia raises EUR 456 mn to expand its solar and hybrid projects

ACEN Australia has raised EUR 456 mn to support its renewable energy projects in Australia, backed by 11 local and international financial institutions.

Share:

Gain full professional access to energynews.pro from 4.90£/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90£/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90£/month

*Special launch offer: 1st month at the indicated price, then 14.90 £/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99£/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99£/year

*Introductory annual price for year one, automatically renewed at 149.00 £/year from the second year.

Sign up for free to unlock this article

A subsidiary of Philippine group ACEN Corporation, ACEN Australia has secured EUR 456 mn (approximately AUD 750 mn) in financing to strengthen its portfolio of operating assets and support the development of new projects in the country. This transaction marks a significant step in the company’s strategy to solidify its presence in the Australian energy market, notably through the completion of the 400 MW Stubbo Solar project located in New South Wales.

The financing will also support the advancement of the New England Solar project, whose first 400 MW phase began feeding electricity into the grid in 2023. The deal highlights ACEN Australia’s ability to independently structure competitive capital solutions in a market where appetite for renewable energy assets continues to grow.

A consortium of 11 partner banks

The financing was structured with the participation of 11 major lenders, including ANZ Banking Group, Deutsche Bank AG – Sydney Branch, MUFG Bank Ltd, DBS Bank Ltd – Australia Branch, and the Commonwealth Bank of Australia. This diverse mobilisation of banking partners enhances ACEN Australia’s financial resilience and reflects market confidence in the company’s strategy and financial standing.

According to David Pollington, Managing Director of ACEN Australia, the financing establishes a robust base for a portfolio that currently includes over 1,000 MW of assets in operation or under construction, with nearly 13 GW in development across the Australian National Electricity Market.

A consolidated funding platform

Phillip Mak, Chief Financial and Investments Officer at ACEN Australia, stated that the transaction positions the company as a reliable and stable partner, supported by a diverse capital base. He noted that backing from local and international financial institutions would accelerate project delivery within a context of rising demand for reliable energy infrastructure in Australia.

Macquarie Capital and Morgan Stanley acted as joint financial advisers for the transaction. Law firm Allens advised ACEN Australia, while Herbert Smith Freehills represented the lenders.

  • Popular on energynews.pro
Nuclear energy retained in the European Union green taxonomy
Orazul Energy launches cash tender offer for its 2027 notes
Petrobras takes 27.5% stake in Block 4 offshore São Tomé with Shell and Galp
Italy could unlock €16bn in hydropower through new concession model
Westinghouse and EDF reactors deemed viable for Slovenia’s JEK2 nuclear project
Statkraft France secures new 15.5 MWc solar contract in Marne
Statkraft France won a 15.5 MWc solar project in Mourmelon-le-Grand during the latest national tender round, bringing its total awarded capacity to nearly 70 MWc in less than a year.
Hungary and Poland accelerate solar and battery growth in Central Europe
Solar growth in Central Europe has doubled that of the European Union since 2019, reshaping the energy mix and boosting battery manufacturing in the region.
Cordelio Power commissions 150 MW solar plant in Missouri
Canadian energy producer Cordelio Power has completed commissioning of its Winfield solar project, a 150 MW facility backed by a 15-year contract with Microsoft and a $313mn structured financing deal.
Anza secures over 2 GW of solar modules in 2025 amid new tax constraints
Platform Anza surpassed its 2024 volume in just eight months, responding to developers’ urgency to secure projects ahead of regulatory and fiscal changes expected in 2026.
AGCO signs 10-year deal with BRUC for solar supply in Europe
US-based AGCO has signed a ten-year virtual power purchase agreement with BRUC, covering a 100 MW solar project in Spain, to secure part of its European energy consumption.
Innergex secures 85 MW in France with six agrivoltaic solar projects
Canadian developer Innergex has won all six projects of the Grenier des Essences portfolio for a total of 85 MW, strengthening its position in France’s ground-mounted solar sector.
Canadian Solar launches low-carbon modules reaching 285 kg COâ‚‚eq/kW
Canadian Solar unveils its new low-carbon solar modules integrating heterojunction cells and thinner wafers, achieving up to 24.4% efficiency and a peak power output of 660 Wp.
Elmya and Atlantica partner to develop 4 GW of energy projects in the United States
Elmya Energy and Atlantica Sustainable Infrastructure have created a joint venture targeting 4 GW of renewable energy projects in the United States, focused on the ERCOT and WECC markets.
Louth Callan completes deployment of 28 MW solar park in Maine
Louth Callan has completed the Mousam River solar project in Sanford, marking a key milestone in the deployment of utility-scale energy infrastructure across the United States.
Georgia Power receives approval for 1,068 MW of new solar projects in Georgia
The state regulator has approved five new solar power purchase agreements to support growing demand under the CARES programme, targeting industrial and commercial clients.
Ecoener commissions Guatemala’s largest solar plant with 74.7 MWp
With the commissioning of the El Carrizo plant, Ecoener surpasses 500 MW in installed capacity and becomes the most active Spanish investor in Guatemala’s energy sector.
Aspen Power acquires two community solar projects in New Jersey
Aspen Power has finalised the acquisition of two community solar projects totalling over 1 MWdc in New Jersey, developed by Ecogy Energy, with construction expected to begin shortly.
Tenergie begins construction of 5.14 MWp solar plant in Cabrières d’Avignon
French developer Tenergie has started work on a ground-mounted solar plant at a former quarry, with expected annual output of 7.6 GWh from 2026.
Octopus Energy injects 600 MW into solar and storage in Spain
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.
VSB Italy launches 6.2 MW solar project on agricultural land in Umbria
VSB Italy has obtained authorisation to build a 6.2 MW agrivoltaic plant in Città della Pieve, combining solar power generation and agricultural cultivation on 10.6 hectares.
Ameren Missouri invests in 250 MW solar plant near Callaway nuclear site
Ameren Missouri announces a 250 MW solar project to power 44,000 homes, reducing delays and costs through strategic development on company-owned land.
France: Verso Energy commissions a 580 kWc agrivoltaic plant in Outarville
Verso Energy has inaugurated an experimental solar power plant in Outarville, testing the integration of photovoltaic panels across three hectares of large-scale crops with a 90% self-consumption rate.
R.Power sells 440MW solar portfolio in Poland amid uncertainties
Independent power producer R.Power is selling a 440MW ready-to-build photovoltaic portfolio in Poland, as political uncertainties drive a wave of divestments in the national renewable energy market.
Grenergy sells 10% of Chilean megaproject to CVC DIF for $475mn
Grenergy has finalised the sale of the fourth phase of its hybrid solar-storage project in Chile to CVC DIF, valued at up to $475mn, while retaining operation and maintenance for five years.
Q ENERGY closes financing for seven hybrid solar plants in Spain
Q ENERGY secures financing for 252 MW of solar projects in Spain, marking its first independent power producer operation on the Iberian Peninsula.

Log in to read this article

You'll also have access to a selection of our best content.