ACEN buys 136 MW of wind farms in US entry

ACEN Corp (PSE:ACEN), the listed energy platform of Philippine conglomerate Ayala Group, today said it has agreed to acquire 136 MW of operating wind farms in the US, marking its entry into the US renewables market.

The company is acquiring the portfolio, which consists of eight assets in Texas, through its joint venture UPC Power Solutions LLC from US-based GlidePath Power Solutions LLC. The deal is subject to regulatory approvals including from the Federal Energy Regulatory Commission (FERC).

The portfolio is set to be repowered.

ACEN has been preparing to expand to the US. In April 2022, it created a partnership with Pivot Power Management and UPC Solar and Wind Investments LLC to pursue opportunities to acquire and repower operating wind projects in the US.

"We've long set our sights on the US as our next market following our sustained success in the Asia Pacific,” remarked ACEN International's chief executive Patrice Clausse.

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