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ACEN Bags 1.1 GW of Solar Awards in Aussie Tender - World-Energy
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return false;"><img alt="Weibo" src="https://www.world-energy.org/statics/images/share_icon/weibo.png" /></a></li> --> </ul> </div> </div> </div> <div class="m fl p20"> <div class="show-c"> <h1 class="title fz26 fwb black"> ACEN Bags 1.1 GW of Solar Awards in Aussie Tender </h1> <div class="baseinfo"> <i class="iconfont icon-time"></i> <span>02 May 2023 by </span><span class="color-front">renewablesnow.com</span> <a href="javascript:;" class="dofav fr fav" title="Add to my favorites" data-id="31979"><i class="iconfont icon-likefill"></i></a> </div> <div class="content mt40"> <div style="text-align: center;"><img alt="" src="https://www.world-energy.org/uploadfile/2023/0502/20230502053520729.png" style="width: 371px; height: 232px;" /></div> <div>ACEN Corporation (PSE:ACEN), the energy platform of Philippine conglomerate Ayala Group, today confirmed solar project awards totalling 1,120 MW in a renewable energy tender in New South Wales.</div> <div> </div> <div>The company’s Australian unit has secured two long-term energy service agreements (LTESAs) for 20 years as part of the inaugural auction under New South Wales’ roadmap to replace retiring coal-fired generation with renewables, supported by long-duration storage.</div> <div> </div> <div>ACEN Australia was successful with its 720-MW/936-MW DC New England Solar project and the 400-MW/520-MW DC Stubbo Solar scheme. The two plants, when fully operational, will be able to generate electricity for around 435,000 homes annually.</div> <div> </div> <div>New England park is under construction near the town of Uralla, in the New England Renewable Energy Zone (REZ). Its 400-MW/520 MW DC first phase was completed in March. Stubbo Solar is being built within the Central-West Orana REZ and is planned to go online in 2025.</div> <div> </div> <div>“The LTESAs offer the rights to access a minimum price for generation projects over a 20-year timeframe, which protects investors like us from the risk of unexpectedly low wholesale electricity prices,” said Anton Rohner, CEO of ACEN Australia.</div> <div> </div> <div>At present, ACEN Australia has around 1 GW of capacity under construction in Australia and more than 8 GW projects in its development pipeline. 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