AC Energy Corporation (ACEN) has secured an USD140 million loan facility from MUFG Bank Limited to increase its renewable energy (RE) capacity in the Asia-Pacific region (APAC) to 20 GW by 2030. The company is also raising an additional USD600 to further support this goal.
ACEN previously secured a USD100 million loan from DBS Bank Australia to develop large-scale RE projects in the region.
ACEN currently has approximately 4,000 MW of renewable capacity across its APAC markets, particularly in the Philippines, Vietnam and Indonesia.