The loan will provide capital financing for ACEN’s renewable energy portfolio in Australia, which will contribute to the company’s strategic aspiration to grow its renewable capacity to 20,000 megawatts by 2030. READ:
The loan will provide capital financing for ACEN’s renewable energy portfolio in Australia, which will contribute to the company’s strategic aspiration to grow its renewable capacity to 20,000 megawatts by 2030.
Bank of China Ltd. was the green loan structuring bank, while Commonwealth Bank of Australia acted as the agent for the syndicated green term loan facility.Herbert Smith Freehills was legal counsel for ACEN Australia, while King & Wood Mallesons was the counsel for the lenders. The syndicated green term loan facility is part of ACEN’s Au$600 million target to capitalize on Australia’s renewables potential and is a follow-through to several transactions completed last year.
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