ACEN wins regulatory approval to buy 136 MW wind portfolio in Texas

ACEN Corp. has received approval from the US Federal Energy Regulatory Commission (FERC) to acquire eight operating wind power projects in Texas, USA. Under the deal, ACEN's joint venture company, UPC Power Solutions LLC, will buy 136 MW of wind assets from GlidePath Power Solutions LLC.

ACEN currently owns 4,000 MW of capacity attributable to owned facilities in Australia, India, Indonesia, the Philippines, and Vietnam, with renewables accounting for 98% of that capacity, one of the highest percentages in the region.

The company plans to become Southeast Asia's largest listed renewables platform, with a goal of achieving 20 GW of renewables capacity by 2030. The acquisition of eight wind power projects in Texas will take the company closer to achieving its renewable capacity goal.