ACEN Corp said on Monday the US Federal Energy Regulatory Commission (FERC) has approved its acquisition of 8 operating Texas wind projects.
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PivotGen, a renewable energy development and repowering company, through UPC Power Solutions LLC, a partnership with ACEN Corporation (ACEN), has signed a purchase and sale agreement with affiliates of Glidepath Power Solutions LLC, a developer and owner of advanced energy systems, for the acquisition of a portfolio of eight operating wind projects in northern Texas.
Michelini brings fifteen years of experience supporting development, M&A, and financing for utility scale renewable energy and storage projects with leading participants in the global renewables industry. Michelini will lead the company’s efforts to build commercial relationships with financial institutions in support of its asset repowering strategies.
Over the course of his career, Grimley has led teams responsible for the development of dozens of new onshore and offshore wind turbine generators, industrial gas turbines and small hydro generators, generating more than $15 billion in revenue across multiple product platforms.
Shari Erwin has joined the company as CFO. She will lead the accounting and finance functions of the company’s repowering efforts.
Long-Time Renewable Developer Will Lead Firm’s Repowering Efforts.
Philippine conglomerate Ayala Corp. plans to acquire wind projects in the U.S. in line with a target to boost its renewable energy capacity to 5,000 megawatts by 2025.