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ACEN Secures $100M Loan to Boost Overseas Renewable Energy Portfolio

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Philippines-based ACEN Corp. announced that its subsidiary, ACEN International, Inc., has secured a $100 million loan to fuel its renewable energy expansion beyond its home market.


In a stock exchange filing, the company said ACEN International signed a facility agreement with MUFG Bank, Ltd., Singapore Branch. The funds will be used to finance or refinance investments in both existing and future renewable energy projects outside the Philippines, as well as for general corporate purposes.


While the Philippines remains ACEN’s largest market, the company has been growing its footprint internationally, with projects in Australia, Vietnam, and India. Across these overseas ventures, ACEN has already amassed over 2,100 MW of attributable direct current capacity.

 
 
 

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