Ayala-led renewable energy firm ACEN Corp. is further expanding its footprint in neighboring Southeast Asian countries after acquiring the shares of an overseas solar power company. | MegINQ /PDI
ACEN, through its subsidiary ACEN Vietnam Investments Pte. Ltd., is set to take 49 percent ownership of Super’s Solar NT.
“This synergy will enhance Super’s growth potential and strengthen the renewable energy business structure, which will support our strategic partnership in many areas, including capital, personnel, technology and networks for additional investment opportunities in the future,” Super chair and CEO Jormsup Lochaya said.
ACEN is also set to extend its business to the United States, following its acquisition of eight wind projects in Texas with a total capacity of 138 MW.
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