ACEN Corp. buys a 49% stake in Vietnam's BIM Energy for $70.5M, expanding its renewable energy goals.

ACEN Corp., a renewable energy company, bought a 49% stake in BIM Energy Holding Corp. in Vietnam for $70.5 million. This acquisition includes interests in the 405MW Ninh Thuan Solar and 88MW Ninh Thuan Wind projects. ACEN aims to expand its renewable energy presence in Asia Pacific, targeting a 20 GW capacity by 2030. The deal enhances ACEN's portfolio in Vietnam and supports its growth strategy.

November 27, 2024
9 Articles