ACEN Australia Clinches A$750M Financing for Energy Push
- May 9, 2025
ACEN Australia Pty. Ltd., the renewables arm of Ayala-led ACEN Corp., has secured 750 million Australian dollars in debt financing from a consortium of financial institutions. The funding marks a significant step in bolstering the company’s renewable energy portfolio, reinforcing its aggressive push to scale up clean energy investments in the region.
A coalition of 11 Australian and international banks has backed the company’s latest funding round.
Among the lenders are major regional players such as ANZ, Commonwealth Bank of Australia, and Westpac Banking Group, along with global institutions including HSBC, MUFG, Deutsche Bank, and DBS. The group also includes CTBC Bank’s Singapore and Philippine branches, Cathay United Bank, Sumitomo Mitsui Banking Corporation, and UOB—underscoring the breadth of financial support behind ACEN Australia’s renewables drive.
Macquarie Capital and Morgan Stanley acted as joint financial advisers on the deal, guiding the transaction to completion. Legal counsel was provided by Allens for ACEN Australia, while Herbert Smith Freehills represented the interests of the participating lenders.
Powering green initiatives
The fresh funding will support the operation of ACEN’s existing clean energy assets and fuel the development of new projects across Australia.
This includes the nearly completed 520-megawatt direct current (MWdc) Stubbo Solar project in New South Wales, the expansion of the 521-MWdc New England Solar project, a 400-megawatt-hour (MWh) battery energy storage system, and the 936-megawatt (MW) Valley of the Winds wind farm.
David Pollington, managing director of ACEN Australia, emphasized that the financing establishes a strong foundation for the company’s diverse renewable energy portfolio. This includes wind, solar, pumped hydro, and battery storage projects, along with over 1,000 MW of renewable capacity already operational or under construction across the National Electricity Market.
“Our ability to attract top-tier financial partners reinforces our position as a trusted, long-term developer, owner, and operator of assets, and reflects growing investor appetite for high-quality renewable infrastructure in Australia,” Pollington stated.
Meanwhile, Chief Financial and Investments Officer of ACEN Australia Phillip Mak, stated that the transaction showcases the company’s capability to secure and structure competitive capital solutions independently.
He noted, “This transaction strengthens our funding platform, accelerates our delivery pipeline, and positions us as a capable partner backed by a stable and diverse capital base.”
About ACEN
ACEN is rapidly expanding as one of the leading renewable energy platforms in the Asia Pacific. With a significant focus on the Philippines, which makes up 35% of its total capacity, the company now holds 7 gigawatts of renewable energy through its active, ongoing, and planned projects.
The company operates in key markets such as the Philippines, Australia, Vietnam, India, Indonesia, Laos, and the United States.
In 2023, the group secured a loan facility valued at 277 million Australian dollars.
Sources:
https://business.inquirer.net/520023/acen-musters-au750m-to-boost-expansion-in-australia
https://businessmirror.com.ph/2025/04/15/acen-australia-secures-a750-million-debt-financing/
