ACEN Corp., Ayala Group’s listed energy arm, said Monday its subsidiaries are investing in a 165.6-megawatt wind project in Texas, United States.
The company said the transaction is subject to finalization of commercial terms, satisfaction of agreed conditions precedent and execution of definitive documentation. UPC Power Solutions received US regulatory approval for the acquisition of eight operating wind projects in Texas last year. Established in April 2022 UPC Power focused on acquiring operating wind projects in the US and exploring strategies for extending useful life and enhancing performance through preventative maintenance and new investment.PivotGen is a developer of wind and solar energy projects throughout the United States.
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