, Vietnam
Photo by Pavel Danilyuk via Pexels

Philippines’ ACEN acquires stake Vietnamese renewables firm for $70.5m

This fuels the footprint of the Ayala-led firm.

The Philippines’ ACEN Corp., through its affiliate ACEN Vietnam Investments Pte. Ltd., has signed a share purchase agreement for the acquisition of a 49% stake in BIM Energy Holding Corporation (BIMEH) for $70.5m.

In a bourse filing, ACEN said the deal signed with Huntington Renewable Investments Limited will support the former's expansion in Vietnam.

BIMEH is the renewable energy unit of Vietnamese conglomerate BIM Group. It has interests in the 405 megawatt (MW) Ninh Thuan Solar, and 88 MW Ninh Thuan Wind projects.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!