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Manila Bulletin devider Business devider The Stock Market devider Ayala's ACEN secures access for massive RE projects in Australia

Ayala's ACEN secures access for massive RE projects in Australia

Published May 9, 2025 10:32 am  |  Updated May 9, 2025 01:18 pm

Ayala-led ACEN Corporation, through its wholly-owned subsidiary ACEN Australia, has secured access to the Central West-Orana Renewable Energy Zone (CWO REZ) for its wind, solar, and battery storage projects in New South Wales, which will connect to a transmission infrastructure. 

In a disclosure to the Philippine Stock Exchange on Friday, May 9, ACEN Australia said its three projects will help diversify renewable energy (RE) in New South Wales, as well as expand the company’s clean energy footprint in the country. 

These projects, having secured access within the Renewable Energy Zone (REZ), include the 920-megawatt (MW) Valley of the Winds, the 600 MW alternating current (MWac)/780 MW direct current (MWdc) Birriwa Solar, and the 600 MW/2-hour Birriwa Battery Energy Storage System (BESS). 

The listed capacities for the solar and BESS projects reflect both the technology's power generation capability and the amount that can actually be delivered to the grid after conversion. 

“The Birriwa Solar and BESS projects were approved by the New South Wales Department of Planning in August 2024, and the Valley of the Winds project is in the final stage of the development planning review process,” ACEN explained. 

The access to the REZ follows ACEN Australia's closing of a portfolio debt financing last month, valued at AU$750 million or approximately ₱26 billion. David Pollington, managing director of ACEN Australia, believes this move will help the company deliver the projects and contribute to the regional economic growth of Australia. 

“Securing access rights for these high-value projects reflects our disciplined, responsible approach to development and strengthens ACEN Australia’s position as a trusted partner in our nation’s clean economy,” he said. 

“This is a strong vote of confidence in ACEN Australia’s capability to realize the full value of these projects for all stakeholders, and reinforces our long-term commitment to regional investment, job creation and responsible project development across New South Wales and beyond,” Pollington added. 

In other news, ACEN International Inc., another subsidiary of the Ayala-led energy platform, has signed a term loan facility to finance or refinance investments for RE projects across its other subsidiary units and partnerships, as well as for corporate use. 

Valued at €50 million or around ₱3 billion, ACEN International has completed the loan with ING Bank, N.V. Manila. On Thursday, ACEN experienced a 28 percent drop in its first quarter net income at ₱1.95 billion.

Related Tags

ACEN Corporation ACEN Australia Central West-Orana Renewable Energy Zone (CWO REZ) New South Wales renewable energy (RE) Birriwa Battery Energy Storage System (BESS)
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