What is ACEN?
Founded in 2011 and headquartered in the Philippines, ACEN operates as a renewable energy platform provider. The company is dedicated to developing and managing a diverse portfolio of clean energy assets, contributing to the global transition towards sustainable power sources. ACEN's strategic focus on renewable energy positions it as a key player in addressing climate change and meeting the growing demand for green electricity.
How much funding has ACEN raised?
ACEN has raised a total of $340.8M across 2 funding rounds:
Debt
$190.8M
Debt
$150M
Debt (2023): $190.8M with participation from Bank of China, CTBC Bank Philippines, and Standard Chartered Bank
Debt (2024): $150M led by CTBC Bank Philippines, Chang HWA Bank, Maybank, and Mega International Commercial Bank
Key Investors in ACEN
CTBC Bank Philippines
CTBC Bank (Philippines) Corp. is a financial institution offering a comprehensive suite of banking services, including personal, corporate, and investment banking, aiming to support diverse client needs and contribute to economic growth.
Chang HWA Bank
Chang Hwa Bank is a Taiwan-based financial institution established in 1905, providing both retail and commercial banking services to private and corporate customers.
Maybank
Maybank, founded in 1960 and based in Kuala Lumpur, Malaysia, offers a wide array of financial products and services, including commercial banking, investment banking, and insurance.
What's next for ACEN?
The recent major strategic investment into ACEN signals a strong commitment from financial institutions to support the company's ongoing development and expansion initiatives. This capital infusion is expected to accelerate ACEN's project pipeline, enhance its operational capabilities, and potentially fuel further diversification into new renewable energy technologies or geographical markets. The company's trajectory suggests a continued focus on scaling its renewable energy platform to meet increasing global demand for sustainable power solutions.
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