For companies in the energy industry, shifting from thermal power to renewables is a challenging transition.
When ACEN took that decisive step a decade ago, it posed instant operational challenges to do with cash flow, fundraising and investment as renewables represented only a small fraction of its energy portfolio.
Eric Francia, ACEN’s CEO, said it took conviction, purpose and courage to change course. Today, ACEN has grown its renewable energy portfolio to 7.5 GW and generates only renewable energy, demonstrating that the transformation to clean energy can be done.
ACEN’s journey of success has been in partnership with HSBC, particularly when it sought to expand in new markets. The relationship has been built on trust, open dialogue and a shared understanding of ACEN’s ambitions.
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