ACEN Australia
- Company typePrivate
- Founded2018
- HeadquartersHobart, Australia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What ACEN Australia does
ACEN Australia is the Australian operating platform of ACEN Corporation, the listed energy arm of the Ayala Group, developing and operating utility-scale solar, wind, battery energy storage, and pumped hydro assets across New South Wales, Tasmania, Victoria, Queensland and Western Australia. As of late 2025 the company had approximately 1GW of capacity in operation or under construction (New England Solar Stage 1, Stubbo Solar, and New England Solar Stage 2 with co-located BESS) against a development pipeline of roughly 13GW spanning more than a dozen projects including 900MW Robbins Island Wind, 1.2GW North East Wind, 800MW Phoenix Pumped Hydro, 600MW Birriwa Solar with 2.4GWh storage, and the Yindjibarndi Energy Corporation joint venture in the Pilbara.
Revenue is generated by selling electricity generated from owned assets into the National Electricity Market, earning Large-scale Generation Certificates, collecting government-backed capacity payments under Long-Term Energy Service Agreements (LTESAs) and Capacity Investment Scheme Agreements, and contracting portions of project output to corporate offtakers through 8-11 year Power Purchase Agreements (UTS, BOC Australia, SmartestEnergy, ZEN Energy, Flow Power). The business also pursues strategic co-development JVs (Marubeni Asian Power Singapore for the 200MW/400MWh New England BESS) and First Nations equity partnerships (Yindjibarndi Energy Corporation).
The platform is funded primarily through project and portfolio debt — including an AUD 750 million syndicated facility with 11 lenders closed in April 2025 — supplemented by green loans (CEFC, ANZ, Westpac, MUFG, DBS, HSBC), and is positioned by management to scale Australian invested capital from AUD 2 billion to AUD 6 billion within three years. First-mover regulatory positioning includes the first LTESA-backed solar (Stubbo) and pumped hydro (Phoenix) projects in NSW, federal approval for Robbins Island Wind, and the first CPVA-certified circularity framework for large-scale solar.
ACEN Australia firmographics
Firmographics- Name
- ACEN Australia
- Legal name
- ACEN Australia Pty Ltd
- Website
- https://acenrenewables.com.au
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
ACEN Australia industry classification
Industry- Product category
- Utility-Scale Renewable Energy Generation
- NAICS
- Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)
- akta.pro secondary industries
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF), Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)
Keywords
Where ACEN Australia is headquartered
LocationHeadquarters
- HQ city
- Hobart
- HQ country
- Australia
- HQ region
- Oceania
Offices4 records
Markets served
ACEN Australia business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Electricity Generation and Sale: ACEN Australia generates and sells electricity from its operational solar and wind projects. Revenue comes from wholesale electricity sales into the National Electricity Market (NEM) plus Large-scale Generation Certificates (LGCs). Projects operate on merchant basis or with offtake agreements.
- Capacity Payments: Revenue from Long-Term Energy Service Agreements (LTESAs) and Capacity Investment Scheme Agreements (CISA) providing revenue certainty for renewable energy and storage projects. Includes 20-year LTESA for Stubbo Solar and LTESA for Phoenix Pumped Hydro.
- Corporate PPA Offtake: Power Purchase Agreements with corporate customers (SmartestEnergy, ZEN Energy, Flow Power, UTS, BOC Australia) for renewable electricity offtake, typically 8-11 year terms representing 25-52% of project output.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
ACEN Australia product offering
Product offeringCore offering
ACEN Australia develops, constructs, and operates large-scale renewable energy generation assets across Australia, including utility-scale solar PV farms, wind farms, battery energy storage systems (BESS), and pumped hydro storage. The company sells electricity into the National Electricity Market through corporate Power Purchase Agreements with offtakers such as SmartestEnergy, ZEN Energy, Flow Power, and BOC Australia, and secures revenue certainty through government capacity schemes including LTESAs and Capacity Investment Scheme Agreements.
Product overview
ACEN Australia is a renewable energy development and operations platform managing a diversified portfolio of large-scale clean energy projects across Australia. The portfolio includes solar PV projects (New England Solar, Stubbo Solar, Birriwa Solar, Narragamba Solar, Deeargee Solar, Cooma Solar), wind farms (Valley of the Winds, Robbins Island and Jim's Plain Wind, North East Wind, Aquila Wind, Corack East Wind), battery energy storage systems (New England BESS, Lilyvale BESS, Birriwa BESS), and pumped hydro storage (Phoenix Pumped Hydro). With over 1GW of capacity in operation/construction and more than 13GW in development, the company develops, constructs, and operates renewable energy assets, selling electricity through Power Purchase Agreements (PPAs) to commercial and industrial customers, energy retailers, and government institutions.
Differentiator
Problem solved
Functional benefit
Products and services
- New England Solar Stage 1 A 400MW (AC) solar PV project located in Uralla, NSW, that commenced operations in March 2023. It is one of Australia's largest solar projects and the largest solar project in Australia financed on a fully merchant basis, selling electricity into the National Electricity Market and supplying Power Purchase Agreements with corporate off-takers.
- Stubbo Solar A 400MW solar PV project in central-west NSW, approximately 10km north of Gulgong. Reached full commercial operation in November 2025 as the first LTESA-backed solar project in Australia to do so, powering approximately 185,000-250,000 Australian households. Includes a CPVA-certified end-of-life recycling pathway for approximately 930,000 solar panels.
- New England Solar Stage 2 and New England BESS
Quantifiable outcome
- 400MW New England Solar Stage 1 operational, powering 185,000 Australian homes
- +5 more outcomes
Companies that use ACEN Australia
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
ACEN Australia technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
ACEN Australia partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered minor, core and strategic.
- UNIQ YouminorPartnership to inspire young women into renewable energy careers. Five ACEN Australia women join as volunteer Advisors connecting with high school girls through career conversations.
- University of Technology Sydney (UTS)core10-year PPA with Flow Power for 60,000 MWh from New England Solar as part of UTS Climate Positive Plan. First Australian university to be climate positive by 2029.
- Flow PowercoreOfftake agreement for 10% of Stubbo Solar generation underpinning Flow Home residential electricity product launch in NSW. Supports 100% GreenPower accredited renewable electricity matching for residential customers.
- PCL ConstructioncoreEngineering, procurement and construction (EPC) contractor for Stubbo Solar project. A$760 million, 400MW project reached full commercial operation under PCL delivery.
- Lumea (Transgrid)coreCommercial arm of Transgrid providing renewable energy grid connections and infrastructure services. Partnered to deliver safe and efficient connection of Stubbo Solar to NSW electricity network.
- NSW Indigenous Chamber of Commerce (NSWICC)minorPartnering Agreement providing business support services to Indigenous suppliers. Peak body for Aboriginal Business in NSW with nearly two decades supporting Indigenous business growth.
- BOC Australiacore10-year renewable supply deal through ZEN Energy for 45% of BOC's grid power use across Queensland, NSW and Victoria. Will reduce BOC's carbon emissions by 40% by 2035.
- Circular PV AllianceminorIndustry Member joining to lead transition to circular economy for Australian solar sector. Stubbo Solar first project certified under CPVA Certified framework for full circularity.
- Country Universities Centre (CUC) Mudgee RegionminorFive-year Platinum Sponsor providing educational facilities for regional students in Mudgee within Central West Orana REZ. Supports local students to undertake tertiary education while remaining in region.
- Energy VaultcoreAwarded EPC and O&M contracts for 200MW/2hour New England BESS. Using advanced grid-forming inverter technology. First project to begin construction in Australia for Energy Vault. 50-50 partnership with Marubeni Asian Power Singapore with projected AU$250 million investment.
- SmartestEnergycore8-year PPA for 25% of New England Solar Stage 1 output (400 MW). SmartestEnergy makes renewable energy available to commercial and industrial customers throughout Australia. Wholly owned subsidiary of Marubeni.
- Marubeni Asian Power Singaporecore50-50 partnership for joint development of 200MW/400MWh Battery Energy Storage System at New England Solar. Projected investment of AU$250 million with target completion by 2025. Presented at Philippine Business Forum to President Marcos Jr.
- ZEN Energycore11-year cooperation agreement for offtake of up to 220 MW (52% of output) from New England Solar Stage 1. Enables creation and sale of Large-scale Generation Certificates. ZEN Energy is Australia's first 1.5-degree Celsius electricity retailer under SBTi.
- Rio TintostrategicMOU to explore renewable energy collaboration on Yindjibarndi country in Pilbara, Western Australia. Initial focus on solar power facility for Rio Tinto. YEC targeting 750 MW Stage 1 from wind, solar, and battery storage.
Scale indicators14 records
Recent moves6 records
Expansion highlights7 records
ACEN Australia competitors and assessment
Company assessmentBroad incumbents
- ENGIE Australia: Subsidiary of global utility ENGIE developing and operating wind, solar, and battery assets across Australia. Similar utility-scale development focus with broader international backing and portfolio diversification across energy retail and infrastructure services.
- Origin Energy: Major Australian integrated energy company expanding renewable generation alongside its LNG and retail businesses. Competes with ACEN Australia in utility-scale renewables and corporate PPAs but operates a broader energy portfolio including upstream gas production.
- AGL Energy: Australia's largest energy retailer and a major incumbent transitioning from coal to renewables, with significant solar, wind, and battery investments. Overlaps with ACEN Australia's utility-scale renewable development but operates a much broader portfolio including legacy thermal generation and retail electricity supply.
Direct peers
- Squadron Energy: Australia's largest renewable energy company by development pipeline (Andrew Forrest-owned), with major wind, solar, and hydrogen projects. Competes head-to-head with ACEN Australia for NSW and Tasmanian REZ development rights and corporate offtake agreements.
- Iberdrola Australia (formerly Infigen Energy): One of Australia's largest renewable energy generators and developers, owning and operating wind and battery assets across multiple states. Direct competitor to ACEN Australia in utility-scale wind and solar development with similar NEM exposure and corporate PPA strategy.
- Lightsource bp Australia: Global solar developer and long-term asset owner with significant Australian operations. Develops, finances, and operates utility-scale solar projects with co-located battery storage, competing directly for NSW and Victorian development sites and PPA customers.
- CWP Renewables (Global Power Generation): Australian renewable energy developer (backed by Global Power Generation / Naturgy) operating wind and solar assets including the CWP Renewables portfolio. Direct competitor in NEM-scale wind development and PPA origination.
- Tilt Renewables: Australia and New Zealand-focused wind and solar developer now under Iberdrola ownership. Direct peer developing utility-scale wind farms and competing for REZ access rights and corporate offtake in the NEM.
- Edify Energy: Australian renewable energy developer focused on utility-scale solar and battery storage projects across NSW, QLD, and other states. Direct peer with comparable project sizes, BESS integration, and corporate PPA strategy serving Australian institutional customers.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
ACEN Australia social profiles
Digital presenceACEN Australia compliance and trust
Trust signalCompliance3 records
ACEN Australia financial estimates
Financial estimateRevenue estimate
Valuation estimate
ACEN Australia leadership team
Management profileNumber of profiles
Profiles6 records
ACEN Australia subsidiaries and ownership
Company hierarchySubsidiaries7 records
ACEN Australia funding detail
Funding detailFunding overview
Funding rounds6 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ACEN Australia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ACEN Australia
What does ACEN Australia do?
ACEN Australia develops, constructs, and operates large-scale renewable energy generation assets across Australia, including utility-scale solar PV farms, wind farms, battery energy storage systems (BESS), and pumped hydro storage. The company sells electricity into the National Electricity Market through corporate Power Purchase Agreements with offtakers such as SmartestEnergy, ZEN Energy, Flow Power, and BOC Australia, and secures revenue certainty through government capacity schemes including LTESAs and Capacity Investment Scheme Agreements.
Is ACEN Australia a public or private company?
ACEN Australia is a private company. It is classified as corporate owned and is currently operating.
When was ACEN Australia founded?
ACEN Australia was founded in 2018. It employs 101 to 250 people.
Where is ACEN Australia based?
ACEN Australia is headquartered in Hobart, Australia, in the Oceania region.
How does ACEN Australia make money?
Three revenue lines are on record. Electricity Generation and Sale is the primary driver. The others are capacity Payments and corporate PPA Offtake.
Who are ACEN Australia's main competitors?
Broad incumbents on record are ENGIE Australia, Origin Energy and AGL Energy. Direct peers are Squadron Energy, Iberdrola Australia (formerly Infigen Energy), Lightsource bp Australia, CWP Renewables (Global Power Generation), Tilt Renewables and Edify Energy.
Does ACEN Australia have an API?
No public API is recorded for ACEN Australia.
What industry is ACEN Australia in?
ACEN Australia's product category is Utility-Scale Renewable Energy Generation. Its primary akta.pro industry code is EUAMAAAG, Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence), with a secondary code of EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations). Its NAICS code is 221115 and its SIC code is 4911.