ACEN Australia has announced plans to triple its investment in Australia over the next three years to $6 billion. The company has been highly active in the Australian market this year and seeks to bring a further 3 GW of new renewable capacity online with increased investment.
ACEN’s CEO, Eric Francia, said the company is “committed to helping Australia achieve its net-zero emissions target by 2050.” He added that ACEN’s investments in Australia will “create jobs, boost the economy, and help to reduce emissions.”
ACEN’s portfolio in Australia includes several solar and wind farms and battery storage projects.
The Australian government has welcomed ACEN’s investment plans. Prime Minister Anthony Albanese said the investment is “a vote of confidence in Australia’s renewable energy sector.”
ACEN’s investment is a significant boost for the Australian renewable energy sector. The company is one of the largest renewable energy investors in the world, and its investment plans will help accelerate the transition to a clean energy future.
In addition to the $6 billion investment in Australia, ACEN plans to invest $10 billion in renewable energy projects in other parts of the world. The company aims to reach 50 GW of renewable energy capacity by 2030.