ACEN Australia has finalised a $750 million portfolio debt financing of its operating renewables assets and financing for new clean energy projects in Australia.
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The transaction supports the financing of ACEN Australia’s near-complete 400MW Stubbo Solar project in NSW, and follows first generation from Stage 1 of the company’s New England Solar project (400MW) in 2023.
The transaction was supported by a group of 11 leading Australian and international lenders, including a number of Big Four and global banks.
ACEN Australia managing director David Pollington said the financing establishes a robust funding base for the company’s diverse portfolio of wind, solar, pumped hydro and battery storage projects, which includes more than 1,000MW of renewable capacity in operation and under construction, and a further 13GW in development 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,” he said.
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ACEN Australia chief financial and investments officer Phillip Mak said, “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.”
