News

Lending & Credit

Staff Reporter

, Philippines

Published:

1 month ago

Logo from ACEN.

ACEN bags $150m green loan

The fund will be used for its growth in other markets.

ACEN, through its subsidiary ACEN Renewables International, secured a $150m green term loan facility with the Sumitomo Mitsui Banking Corporation Singapore Branch which will support its expansion into other key markets, including Australia.

In a statement, ACEN said the loan will also support its goal to reach 20 gigawatts of renewable energy by 2030.

ALSO READ: ACEN JV buys 38 MW wind project from EDF Renewables North America

“This benchmark deal not only lends support to our momentum in expanding our international business but is also a testament to the faith our banking partners place in our ability to execute our vision,” said ACEN group treasurer Cecile Cruzabra.

“This facility is a strategic addition to ACEN’s portfolio of Green Financings aimed at fulfilling our contribution to achieving Net Zero commitments,” she added.

The loan has a tenure of five years.

Follow the link for more news on

ACEN

Also Read

ADB grants $148.5m to enhance Sikkim's power infrastructure

Aquila Clean Energy and Farm North Solar Farm secure financing for 4 New Zealand solar projects

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

South Korea needs faster offshore wind permitting, says GWEC

It usually takes a decade to complete the permitting processes.

Power Utility

10 hours ago

India to dominate pipeline projects in Asia until 2028

It has 62 pipeline projects, around half of which were for gas.

Project

10 hours ago

China Huaneng's new energy capacity surpasses 180 million kW

The share of low-carbon and clean energy installed capacity reaches 48.47%.

IPP

10 hours ago

Voltalia begins construction of 126 MW Uzbek solar plant

It is part of a multi-energy complex in Khorezm.

Project

10 hours ago

Exclusives

Pressures mount for less desirable energy insurance placements in the region

Industry experts eye offshore investments as most attractive, yet more expensive.

Power Utility

Will the government pay for coal power exit in Vietnam?

The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.

IPP

Japanese utility firms into serious business of reselling LNG surplus

Declining local demand for LNG directs Japanese companies to the South and Southeast Asian markets.

Power Utility

India removes licence requirement to build transmission lines for bulk consumers

The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.

Event News

Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-Written / Partner

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.

Co-Written / Partner Celebrate your exceptional energy and sustainability initiatives with Asian Power

Co-Written / Partner Abu Dhabi Sustainable Water Solutions clinches two wins at Asian Water Awards

Technology VR and AR training are vital for the renewable energy workforce

Co-Written / Partner Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.