ACEN targets 8 GW renewables portfolio
Accelerating solar, wind, battery and pumped hydro projects
ACEN Australia is working to deliver an 8 GW portfolio of clean energy projects as part of its parent company’s broader plans to reach 20 GW of renewable energy capacity by 2030.
$75m
CEFC commitment
Decarbonising
the grid
8 GW
Australian renewables portfolio
The world is geared towards net zero, collaboration across industries and the society is vital in this journey. ACEN is at the forefront of this decarbonisation movement and aims to deliver 20 GW of renewable energy capacity by 2030.Patrice ClaussePresident and COO, ACEN International
Our investment
The CEFC has committed $75 million to an ACEN Australia $600 million debt raising. The debt financing follows a $140 million long-term, green loan agreement with Japanese lender MUFG and a $100 million facility agreement with DBS Bank.
The ACEN Australia loan facility complied with parent company ACEN Corporation’s Green Finance Framework and was structured to be classified as “Green Loans” under the Loan Market Association Green Loan Principles 2021.
The CEFC investment in ACEN clean energy assets was part of its commitment to help deliver assets that are critical to reaching net zero emissions by 2050.
CEFC finance was repaid in February 2026 following the successful commissioning of the 400MW Stubbo Solar Project.
ACEN, which is aiming to deliver 20 GW of renewable energy capacity by 2030 and has a target of net zero emissions by 2050, is the listed energy platform of Philippine diversified group Ayala.
our impact
Renewable energy, transmission infrastructure and battery and pumped hydro storage have an important role to play in Australia’s clean energy transition.
The Australian Energy Market Operator’s 2024 Integrated System Plan forecast that to transition to net zero emissions by 2050, by which time electricity consumption from the grid is expected to have doubled, grid-scale wind and solar must increase six-fold to 127 GW and battery storage capacity needs to increase from 3 GW to 49 GW.
To meet this need, Australia requires significant new investment.
CEFC investments are working to ensure that momentum built in the renewable energy sector in Australia is maintained and strengthened, as developers face new challenges of supply chain constraints and increasing costs.
The CEFC investment in ACEN clean energy assets is part of its commitment to help deliver assets that are critical to reaching net zero emissions by 2050.
ACEN Australia portfolio
ACEN Australia reported in October 2022 it had more than 1.5 GW of projects under construction or at an advanced stage of development, including:
- Stubbo Solar Project, NSW. Stubbo Solar officially reached full commercial operation in November 2025.
- Birriwa Solar and battery project, NSW
- Valley of the Winds wind farm, NSW
- Aquila Wind Farm, NSW
- Robbins Island and Jim’s Plain Wind energy parks, Tas
- North East Wind project, Tas
- Axedale Solar Farm, Vic
- New England Solar Farm, NSW. The 400 MW Stage 1 of New England Solar Farm was officially opened in March 2023.
ACEN in innovative agreement first
The New England and Stubbo Solar Projects secured 20-year Long Term Energy Service Agreements in the first NSW Government renewable energy and storage auction announced in May 2023.
These agreements provide greater certainty for ACEN by offering the rights to access a minimum price for generation projects, which protects ACEN from the risk of unexpectedly low wholesale electricity prices. When fully operational, New England Solar and Stubbo Solar will supply renewable electricity to 435,000 homes, helping to meet the NSW Government emissions reduction target of 50 per cent by 2030.
