ACEN Secures $150 Million Five-Year Syndicated Green Term Loan

0
109

ACEN, through its subsidiary ACEN Renewables International Pte. Limited, has secured a $150 million five-year syndicated green term loan and revolving credit facility.

Additionally, this transaction was well-received by a consortium of international financial institutions. The funds from this loan will support ACEN’s presence in the Asia Pacific. Furthermore, CTBC Bank (Philippines) Corp. and CTBC Bank Co. Limited served as structuring bank and arranger, respectively, forming a strategic partnership 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 company currently has around 4.8 GW of renewable energy capacity in operation and under construction, along with signed agreements and won competitive tenders totaling over 1 GW. ACEN has already surpassed its initial goal of achieving 5 GW of renewable energy capacity by 2025

Previous articleClinical Trial Management Systems Market Anticipated to Grow at 11% CAGR Through 2034
Next articleMNRE Releases Funding Guidelines for Green Hydrogen Testing Facilities

LEAVE A REPLY

Please enter your comment!
Please enter your name here