ACEN International, Inc. to Acquire the Hackberry Wind Project in Texas, USA

The Board of Directors of ACEN International, Inc. (ACEN International), a subsidiary of ACEN, approved the acquisition of and investment directly by ACEN International or through an affiliate in the Hackberry Wind Project, a 165.6 MW wind energy project located in Shackelford County, Texas, USA, subject to finalization of commercial terms, satisfaction of agreed conditions precedent, and execution of definitive documentation.

Such acquisition and investment are intended to be made by UPC Power Solutions LLC, the existing US joint venture company of ACEN USA LCC, PivotGen, and UPC Wind and Solar Investments, LLC.

PivotGen is a developer of wind and solar energy projects throughout the United States. With a focus on creative problem solving, PivotGen develops new renewable energy generation projects and gives new life to older projects through repowering and refurbishment strategies. PivotGen’s team is committed to achieving a sustainable and renewable energy future and while maximizing economic impact and environmental benefit for our partners and the communities we serve.

UPCSWI is the principal investment company of Brian E. Caffyn, a pioneer in the renewable energy development industry. Brian is the Chairman and majority investor of the UPC Renewables Group of Companies and has directed the development of Wind and Solar projects in the US, Canada, Europe, China, Philippines, Australia, India, Vietnam and Indonesia amongst other locations. Brian has over 28 years of experience in leading the UPC Renewables Group’s development of utility scale energy projects (90 projects, 5.5 GW of installed capacity and a development pipeline of over +10GW).

ACEN is the listed energy platform of the Ayala Group. The company has around 4,800 MW of renewable energy capacity in operations and under construction across its key markets in the Philippines, Australia, Vietnam, India, and Indonesia. As one of the fastest-growing platforms for renewable energy in the Asia Pacific region, ACEN aims to increase its renewable capacity to 20 GW by 2030. This goal will help provide clean, reliable, and affordable energy to more people.