ACEN acquires 8 wind projects in Texas
MANILA, Philippines -ACEN Corp. is ramping up efforts to expand its footprint in the United States after it acquired eight wind projects in Texas, the Ayala-led company announced on Thursday.
In a stock exchange disclosure, ACEN said it had signed a purchase and sale agreement through its joint-venture company, UPC Power Solutions LLC, with US-based energy company GlidePath Power Solutions LLC to acquire 136 megawatts (MW) of wind assets.
“The latest milestone marks ACEN’s anticipated entry to the fast-growing US renewables market as it expands its geographic footprint beyond the Asia-Pacific region,” the company said.
The projects are expected to generate approximately 360 gigawatt hours of wind energy annually—enough to power around 24,000 households and avoid 127,000 metric tons of carbon dioxide emissions.
In April 2022, ACEN, through its subsidiary ACEN USA LLC., partnered with Pivot Power Management (PivotGen) and UPC Solar & Wind Investments LLC to pursue acquisitions of operating wind projects in the United States.
“We are committed to enacting the accelerated green energy transition globally, and these new partnerships ensure that ACEN is well-paced to harness the vast opportunities in the US renewables space,” said Patrice Clausse, chief executive officer of ACEN International.
ACEN is the listed energy platform of the Ayala group. It has 4,000 MW of attributable capacity from owned facilities in the Philippines, Vietnam, Indonesia, India and Australia.
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