, Australia

ACEN unit secures A$140m green long-term facility

This will be used to finance its green assets in Australia.

ACEN Australia and MUFG, Sydney Branch, entered a facility agreement and an accession letter for a green long-term loan facility worth A$140m.

In a statement, ACEN said MUFG will provide capital financing for the energy company’s eligible assets in Australia.

READ MORE: Philippines’ ACEN to offer P10b green bonds

The green loan facility is part of ACEN’s goal to raise over A$600m for its projects in Australia and will support its target to reach 20 gigawatts of capacity by 2030.

This is the second loan facility the company secured following the $100m facility with DBS Bank.

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