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.
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