ACEN, through its subsidiary, ACEN Australia, announced that it has secured a total of AUD 150 million green term loan from the Australia and New Zealand Banking Group Limited (ANZ) and Westpac Banking Corporation (Westpac). Each bank is providing a facility limit of AUD 75 million with a four-year tenor. ACEN is committed to supporting Australia's energy transition, which represents its second-largest market after its home country, the Philippines.

The green term loan will bolster the company's efforts to expand its renewable energy project pipeline in Australia. ACEN grew its Australia portfolio to more than 1 GW capacity of large-scale renewable energy generation under construction and in operation, with an additional development pipeline of more than 8 GW of solar, wind, battery, and pumped hydro projects across the country.