ACEN Australia has concluded AUD 750 million portfolio debt financing for its operating renewable assets, along with financing for its new projects in Australia. This transaction will aid the financing of the company’s near-complete 400 MW Stubbo solar project in NSW. This follows the first generation from Stage 1 of the company’s 400 MW New England solar project in 2023.
Furthermore, this transaction was supported by a group of 11 Australian and international lenders. Macquarie Capital and Morgan Stanley acted as joint financial advisors for the transaction. Allens acted as the legal adviser for ACEN Australia, and Hebert Smith Freehills acted as the legal adviser for the lenders.
ACEN Australia is the platform representing ACEN’s renewable energy assets in Australia. The company has a diverse portfolio of wind, solar, pumped hydro, and battery storage projects, which includes over 1 GW of renewable energy capacity in operation and under construction across Australia. It has a development pipeline of 13 GW.
