ACEN secures $150m green term loan to boost APAC expansion

This has a five-year term.

Philippines’ ACEN, through its subsidiary ACEN Renewables International Pte. Ltd, has secured a syndicated green term loan and revolving credit facility amounting to $150m that will fund the expansion of its clean energy capacity in the Asia Pacific (APAC).

In a bourse filing, ACEN said the five-year loan was granted by a consortium of international financial institutions. CTBC Bank (Philippines) Corp. and CTBC Bank Co. Ltd. acted as structuring bank and arranger, respectively, and formed a strategic alliance with five banks – Singapore branches of CTBC Bank Co., Ltd., Malayan Banking Berhad, Chang Hwa Commercial Bank, Ltd., Land Bank of Taiwan, and Mega International Commercial Bank Co., Ltd, it noted.

It currently has about 4.8 gigawatts (GW) of attributable renewables capacity in operation and under construction, as well as signed agreements and secured competitive tenders worth over 1 GW.

ACEN said it has surpassed its goal of reaching 5 GW of renewables by 2025. It aims to grow its renewable capacity to 20 GW by 2030.

In June, the company announced plans to raise $15b to quadruple its renewables capacity in six 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