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ACEN Australia

97 employees

ACEN Australia is the platform representing ACEN’s renewable energy assets in Australia. With more than 1 gigawatt (GW) capacity of large scale renewable energy generation in construction and operations, and more than 13GW capacity in the development pipeline, its portfolio includes solar, wind, battery and pumped hydro projects across Australia. New England Solar (Stage 1) in NSW is ACEN Australia’s first operational project. It is one of Australia’s largest solar projects participating in the National Electricity Market (NEM) and is the largest solar project in Australia to be financed on a fully merchant basis. Stubbo Solar in the NSW Central West Orana Renewable Energy Zone is ACEN Australia’s second project, which commenced construction in late 2022. With 100+ employees and growing, our people are based in Tasmania, Victoria, New South Wales, Queensland and West Australia. A partner of UPC Renewables since 2018, ACEN (formerly AC Energy) increased its ownership in UPC\AC Renewables in 2021 to be 100% by early 2023. This acquisition marked a strategic pivot for ACEN, as the company embarked on its first wholly owned development and operations platform outside of the Philippines. ACEN’s strong Environmental, Social, and Governance (ESG) performance underpins its interactions with its employees and partners, the communities we are part of and the environment that we all share. The Australian team will continue its work in contributing to Australia’s transition to a clean energy future.

Investor insights

Funding rounds participated in

$97M sweet spot round size

Investor type

Public Company

Basic info

Industry

Renewable Energy Power Generation

Sectors

Renewable Energy Power Generation

Date founded

2016

Funding rounds raised

Total raised

$97M

from investors over 1 rounds

A

ACEN Australia raised $97M on March 28, 2024

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