ACEN Corp. said it had secured a total of 277 million Australian dollars to fund its renewable energy (RE) portfolio in Australia.
ACEN Corp. said it had secured a total of 277 million Australian dollars to fund its renewable energy portfolio in Australia.
“This syndicated green term loan facility continues to build on the funding secured at the end of last year, and will be mobilized into our Australian portfolio. ACEN continues on the journey in decarbonizing Australia. It is exciting to work with quality financial institutions, and the appetite for quality investments is real,” Anton Rohner, chief executive officer of ACEN Australia, said in a media release.
Herbert Smith Freehills was legal counsel for ACEN Australia, while King & Wood Mallesons was the counsel for the lenders. Once fully constructed, the solar farm project is expected to power approximately 250,000 households annually.
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