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
Vital, NOG Close $1.1B Acquisition of Delaware Basin’s Point Energy
2024-09-23 - Point Energy Partners, backed by Vortus Investments Advisors, sold its Delaware Basin acreage at 40,000 boe/d of production to Vital Energy and Northern Oil and Gas for $1.1 billion.
Shell Sells Pipeline, Terminal Assets to Edgewater Midstream
2024-08-29 - Shell is selling its Sinco pipeline system and Colex terminal assets that have been historically integrated with the Deer Park Refinery, which Shell sold to Pemex in 2022.
Crescent Energy Bolts On Oil-weighted Eagle Ford Acreage
2024-09-04 - The deal, Crescent said, builds on the company’s Eagle Ford M&A in the past 18 months, including its recent $2.1 billion acquisition of SilverBow Resources.
Tailwater Buys Interests Across 5,000 Acres in Permian Core
2024-10-02 - Tailwater E&P's purchase of non-op working interests from Accelerate Resources includes future inventory held by Diamondback, EOG Resources, Devon and several other E&Ps.
Matador Closes $1.8B Ameredev Deal, Updates Asset Development Plans
2024-09-19 - Matador Resources’ $1.83 billion bolt-on acquisition of the Delaware Basin’s Ameredev II adds 33,500 acres and brings the company’s inventory to approximately 2,000 net locations.
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.