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

Azure Power secures INR37b REC, HSBC refinancing

AMPIN Energy Transition achieves financial closure for 200MWp Rajasthan project

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