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ACEN Corp. said Friday its subsidiary ACEN Renewables International Pte. Ltd. secured a five-year syndicated green term loan and revolving credit facility amounting to $150 million from a consortium of international financial institutions.
“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,” ACEN group treasurer Cecile Cruzabra said.
Sunny Sng, CTBC Singapore branch head of corporate banking 1, said CTBC is honored to be trusted by ACEN to lead arrange ACRI’s first syndicated green loan facility.
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