ACEN Corp. announced Thursday that its joint venture company, UPC Power Solutions LLC, is acquiring 136 megawatts (MW) of wind power assets from United States-based GlidePath Power Solutions LLC. Know more:
ACEN Corp. announced Thursday that its joint venture company, UPC Power Solutions LLC, is acquiring 136 megawatts of wind power assets from United States-based GlidePath Power Solutions LLC.
“We’ve long set our sights on the US as our next market following our sustained success in the Asia Pacific. We are committed to enact the accelerated green energy transition globally, and these new partnerships ensure that ACEN is well-placed to harness the vast opportunities in the US renewables space,” said ACEN International CEO Patrice Clausse.
It can be recalled that ACEN, through its subsidiary ACEN USA LLC, formed a strategic partnership with Pivot Power Management and UPC Solar & Wind Investments LLC to pursue opportunities to acquire operating wind projects in the US, and explore strategies for extending their useful life through preventative maintenance and repowering.
ACEN said the sale would be subject to regulatory approvals including the Federal Energy Regulatory Commission, an independent agency that regulates the interstate transmission of electricity, natural gas, and oil.
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