The financing supports the nearing completion of the 520 megawatts direct current (MWdc) Stubbo Solar project in New South Wales and follows first generation from Stage 1 of the 521 MWdc New England Solar project last year.
The transaction was backed by 11 major lenders from Australia and abroad, signaling strong confidence in ACEN’s project execution and growth pipeline. Lenders include ANZ, Commonwealth Bank, Westpac, HSBC, MUFG, DBS, Deutsche Bank, UOB, Sumitomo Mitsui, CTBC (Singapore and Philippines), and Cathay United Bank.
Macquarie Capital and Morgan Stanley acted as joint financial advisors, while legal advice was provided by Allens for ACEN and Herbert Smith Freehills for the lenders.
With over 1,000 MW of renewable energy capacity in operation and under construction, ACEN Australia is expanding a diversified portfolio that spans solar, wind, pumped hydro, and battery storage.
The deal gives ACEN a stronger platform to accelerate its clean energy rollout and deepen its presence in the National Electricity Market.
