ACEN’s UPC Power Solutions is acquiring eight wind assets in Texas from GlidePath with a total energy capacity of 136 megawatts. (Source: Shutterstock)
ACEN’s joint venture company UPC Power Solutions LLC agreed to a purchase and sale agreement with GlidePath Power Solutions LLC for the acquisition of eight operating wind projects in Texas, ACEN announced in a March 17 press release.
The 136-megawatt (MW) acquisition from GlidePath is expected to generate approximately 360 gigawatt-hour of wind energy per year and avoid around 127,000 metric tons of CO2 emissions. The energy generated is enough to power up to 24,000 households.
The agreement is ACEN’s entry into the U.S. renewables market outside the Asia Pacific region. The energy platform of the Ayala Group, ACEN has approximately 4,000 MW of total capacity from facilities in the Philippines, Vietnam, Indonesia, India and Australia.
ACEN, through its subsidiary ACEN USA LLC, announced in April 2022 it formed a partnership with Pivot Power Management and UPC Solar and Wind Investments LLC to pursue renewable operating wind projects in the U.S.
Recommended Reading
Ørsted Farms Down Stake in US Solar Projects in $572MM Deal
2024-12-19 - The deal was reached with Energy Capital Partners for stakes in Mockingbird Solar and Sparta Solar in Texas as well as Eleven Mile Solar in Arizona.
Enphase, NextEnergy Partner on Energy Management Services in the Netherlands
2024-12-10 - The collaboration enables owners of Enphase Energy’s battery technology to participate in NextEnergy’s dynamic tariff program and join its virtual power plant.
Spruce Power Buys Solar Residential Portfolio in New Jersey
2024-11-27 - Spruce Power bought the 91-megawatt residential portfolio from New Jersey Resources’ Clean Energy Ventures in a $132.5 million deal.
RWE Acquires Majority Interest in R3 Renewables
2024-11-21 - RWE said it will acquire seven potential renewable projects in Indiana and Illinois.
Altus Power Adds 13 MW to Clean Energy Portfolio in Maine
2024-12-09 - Altus Power has acquired three operational clean energy projects in Maine, adding a total of 12.8 MW of solar energy to its portfolio.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.