ACEN acquires Sinocalan Solar Power

Philippines-based ACEN Corporation  has acquired Sinocalan Solar Power Corporation (SSPC), the developer of a 60 MWp solar park project in Pangasinan.

The deal is expected to be finalised by December 15, 2022. The agreement involves the sale and purchase of Sungrow Power Renewables Corporation and Havilah AAA Holdings Corporation’s shares and/or subscription rights in SSPC to ACEN for an undisclosed amount. With this move, ACEN has become the sole owner of SSPC, adding 60 MW of renewable energy capacity to its portfolio.