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ACEN unit fully acquires Australia dev’t platform - BusinessWorld Online

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ACEN Corp., through its subsidiary ACEN Renewables International (ACRI) has fully acquired ACEN Australia.

ACEN Corp., through its subsidiary ACEN Renewables International has fully acquired ACEN Australia.

ACEN, the Ayala-led renewable energy firm, said the second and final tranche of ACRI’s acquisition of ACEN Australia was completed on Wednesday, making ACEN Australia a wholly-owned subsidiary of ACRI. ACEN Australia is the joint venture holding company of ACRI and UPCAPH for ACEN’s energy projects and investments in Australia.

The New England solar farm project is expected to start operating this year. Last month, ACEN announced the start of construction activities for the Stubbo solar farm project.

 

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