Contact
QR code for the current URL

Press release Box-ID: 1106526

ib vogt GmbH Helmholtzstr. 2-9 10587 Berlin, Germany http://www.ibvogt.com
Contact Mr Head of Communications & Marketing Torsten Bierdel +49 30 397440740
Company logo of ib vogt GmbH

ib vogt and ACEN to set up 1 GW asset platform for solar in Asia

(PresseBox) (Berlin, )
ib vogt and ACEN have agreed to set up a platform to fund the construction and operation of large-scale solar power plants throughout Asia, subject to applicable regulatory approvals. The joint venture partners will focus on late-stage, shovel-ready projects in Indonesia, Vietnam, Malaysia, Laos, Bangladesh, and other countries in the region.

The majority of projects will stem from ib vogt’s Asia development pipeline of more than 5 GW with initial projects planned to go into construction during 2022. The platform will also be open to acquire late-stage projects from local and regional developers.

The venture targets a minimum operational capacity of 1 GW over the coming years with the potential for further extension. Under the terms of the deal, ACEN expects to invest up to US $200 million in equity as well as debt funding to accelerate the deployment of renewable energy in Asia.

“We are enthusiastic to be working with ACEN and are convinced that the combination of the unique skillsets and strengths of both parties will accelerate our ability to impact the transition to clean, sustainable energy in Asia. This platform will complement our global strategy of developing a diversified portfolio of high quality IPP assets,” said Anton Milner, CEO of ib vogt.

“ACEN has a strong history of partnering with best-in-class energy developers to build renewable energy projects across the Asia Pacific region. ib vogt has a proven track record of developing solar projects across Europe, Asia, and North Africa, and we are very excited to partner with ib vogt as we set up a platform to continue building out our presence across the region together,” said Patrice Clausse, President and COO of ACEN International.     

DISCLAIMER: This disclosure may contain forward-looking statements that are subject to risk factors and opportunities that may affect ACEN’s plans to complete the transaction/s subject of this disclosure. Each forward-looking statement is made only as of the date of this disclosure. Outcomes of the subject transaction may differ materially from those expressed in the forward-looking statements included in this disclosure.

ib vogt GmbH

About ACEN (Formerly AC Energy)

ACEN is the listed energy platform of the Ayala Group. The company has over 3,800 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia. The company’s renewable share of capacity is at 87%, among the highest in the region.

ACEN’s aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5,000 MW of renewables capacity by 2025. In October 2021, ACEN announced its commitment to achieve net-zero greenhouse gas emissions by 2050.

www.acen.com.ph

About ib vogt

ib vogt is firmly committed to supporting the decarbonization of the global electricity sector. The company focuses on the global development of turnkey PV plants, the expansion of its IPP portfolio and the intensified development of battery storage projects. In these areas, the company offers all integral services of the value chain from development, financing, EPC and O&M to asset management in house.

Headquartered in Berlin, Germany, ib vogt has established various offices across Europe, Asia Pacific, the Americas and Africa as part of its presence in over 40 countries. The company works together with numerous partners globally, augmenting its in-house team of over 550 experts. ib vogt has built or has in construction more than 2,5 GW of PV power plants globally with a project pipeline of more than 40 GW.

www.ibvogt.com

For inquiries and more information, please contact:

ib vogt
Press contact: presse@ibvogt.com

ACEN
Irene Maranan
Head – Corporate Communications and Sustainability
Email: maranan.is@acenergy.com.ph

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2022, All rights reserved

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.