ACEN unit bags AU$100m loan for RE project

This forms part of its 20GW target by 2030. 

ACEN, through its subsidiary ACEN Australia, secured a AU$100m green long-term revolving loan facility from the DBS Bank Australia to fund its renewable energy projects. 

“The initial green loan facility with DBS will help advance our fund-raising capacity of over AU$600m in Australia to develop and construct existing and additional pipeline of renewable energy projects in Australia,” Anton Rohner, CEO of ACEN Australia, said. 

The loan facility is in line with ACEN’s plans to raise an initial issuance of AU$600m for its projects in the country, which it targets to grow to 20 gigawatts by 2030. 

Read more: ACEN aims to reach 20GW of renewables capacity by 2030

“Having pledged to achieve net zero financed emissions by 2050, DBS is also committed in supporting like-minded clients like ACEN in the long haul to enhance Asia’s renewable energy mix to realize a low-carbon economy,” Kelvin Wong, Managing Director and Deputy Head of Energy, Renewables and Infrastructure at DBS, said.