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Ayala-led ACEN Corporation reported that its feasibility study on the proposed Phoenix pumped hydro project in Australia has been progressing, raising hopes for eventual commercial development of a large scale hydro facility in that energy market. The Phoenix pumped hydro venture of ACEN Austr
ACEN Corp. has secured funding support from Australia’s New South Wales government to explore the feasibility of the company’s proposed large-scale long duration renewable energy storage facility.
Philippines-based energy company ACEN Corporation plans to capitalise on Australia’s “unparalleled renewables potential” after securing a $277 million (USD 191 million) loan facility which it says will be accelerate the delivery of an 8 GW clean energy portfolio that includes solar, wind, battery and pumped hydro.
ACEN secures AU$277-M loan for Australia projects Ayala-led ACEN Corporation has secured AU$277-million syndicated loan to continuously bankroll its utility-scale renewable energy (RE) projects in the Australian energy market. The syndicated loan has been sourced from the Bank of China in Ma
MANILA, Philippines, Nov. 2, 2022 /PRNewswire/ -- RenewablesdeveloperACENandtheCEFChavejoined forcestodevelop large-scale clean energy assets across Australia, powered by a $75 million CEFC investment that will accelerate an 8 GW clean energy portfolio that includes solar, wind, battery and pumped hydro. The CEFC finance is part of an ACEN Australia debt raise targeting AUD [$600] million and follows an AUD$140m long-term, green loan agreement with Japanese lender MUFG and a AUD$100m facility agreement with DBS Bank. ACEN is the listed energy platform of Philippine diversified group Ayala, wit...