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ACEN Corp. said Thursday it signed a share purchase agreement with Maraj Energy and Development Corp. to acquire the remaining 60 percent of Real Wind Energy Inc.
“The transaction will potentially add 500 MW of renewable energy to the company’s power generation portfolio,” the company said in a disclosure to the Philippine Stock Exchange. ACEN said it signed the deed of absolute sale of shares with Maraj, as the seller, for the acquisition of 6,000 common shares in RWEI.
It said the acquisition price represented less than 10 percent of the book value of the company as of March 31, 2024.
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