ACEN, through its subsidiary ACEN Renewables International Pte. Ltd., has secured a $150 million five-year syndicated green term loan and revolving credit facility. This funding boost underscores the market’s confidence in ACEN’s renewable energy projects across the Asia Pacific.
CTBC Bank (Philippines) Corp. and CTBC Bank Co. Ltd. acted as structuring bank and arranger, respectively, forming an alliance with five other banks: the Singapore branches of CTBC Bank Co., Malayan Banking Berhad, Chang Hwa Commercial Bank, Land Bank of Taiwan, and Mega International Commercial Bank.
The loan proceeds will support ACEN’s expanding renewable energy presence, which already includes 4.8 GW of capacity facility in operation and under construction. With additional agreements and tenders exceeding 1 GW, ACEN has surpassed its 2025 goal of 5 GW in renewables.
Cecile Cruzabra, ACEN group treasurer, said, “The participation of different international banks in this transaction which includes a long-term revolving facility is a demonstration of the financial community’s strong confidence in ACEN’s leadership in the renewable energy sector and their full support for our growing pipeline outside our home market. We are thankful to the lenders for their trust as we strategically head towards our goal of reaching 20 GW by 2030.”