The Clean Energy Finance Corporation (CEFC) will invest $75 million toward Australian renewable energy assets, in support of renewables developer ACEN Australia’s $600 million 8GW clean energy portfolio.
The CEFC finance is part of an ACEN Australia debt raise targeting $600 million and follows a $140 million long-term, green loan agreement with Japanese lender MUFG and an $100 million facility agreement with DBS Bank.
ACEN is a listed energy platform of Philippine diversified group Ayala, with an 18GW development portfolio throughout the Asia Pacific region. ACEN Australia will use the loan to further develop its portfolio of Australian clean energy assets.
CEFC CEO, Ian Learmonth, said the investment would support further development of Australia’s burgeoning renewable energy industry.
“Australia needs significant investment to create a 21st century energy mix that…
CEFC invest $75M toward 8GW clean energy debt raise
