Stubbo Solar Farm

Renewables developer Acen, a key player in the Australian energy transition, is returning to the capital market with plans to raise almost $835 million to fuel its expansion and investment in the clean energy sector as it seeks to almost triple its renewable energy capacity to 20 GW by 2030.

Philippines-controlled Acen Australia has finalised a $750 million portfolio debt financing transaction that will support the operation and ongoing development of one of the largest renewable energy pipelines in the country and establish a platform for financing new projects in Australia.

Philippines-based energy company ACEN Corporation plans to bolster its renewable energy initiatives in Australia after sealing a $75 million green term loan facility that will help fund the delivery of an 8 GW portfolio of solar, wind, battery storage and pumped hydro projects.

The New England and Stubbo solar farms in regional New South Wales are now 100% owned by ACEN after the Philippines-based energy company, through its subsidiary ACEN Renewables International, completed its acquisition of the development platform UPC/AC Renewables Australia.

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 storage and pumped hydro.

The Clean Energy Council has reiterated calls to reform the grid connection process to provide increased certainty and security for investors after a new report revealed only one renewable energy generation project reached financial close in Australia in the third quarter of 2022.

The Australian arm of Philippines-based clean energy company ACEN Corporation has pressed go on the 400 MW Stubbo Solar Farm to be built near Dubbo in the New South Wales central west.

A solar PV and battery energy storage project planned for the New South Wales Central West tablelands has achieved a major milestone with project developer ACEN Corporation approving $800 million for the construction of the 400 MW Stubbo Solar Farm.

After a failed bid last year to gain control of Australia’s Infigen Energy, Philippines-based AC Energy takes over its partner’s 51.6% stake in UPC\AC Renewables.

A massive solar+storage project in the New South Wales Central West tablelands has received the tick of approval from the state’s Department of Planning and Environment with construction likely to commence on the $418 million Stubbo Solar Farm in 2022.