{"id":5417,"date":"2024-11-27T17:16:19","date_gmt":"2024-11-27T16:16:19","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=5417"},"modified":"2024-11-27T17:16:19","modified_gmt":"2024-11-27T16:16:19","slug":"acen-expands-footprint-in-vietnam-with-major-70-5-million-investment","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/","title":{"rendered":"ACEN Expands Footprint in Vietnam with Major $70.5 Million Investment"},"content":{"rendered":"\n<p class=\"p2\"><span class=\"s1\">ACEN Vietnam Investment Pte. Ltd., a subsidiary of ACEN Corp., has purchased a 49% share in the Vietnamese renewable energy company BIM Energy Holding Corp. (BIMEH) for $70.5 million (P4.15 billion) to enhance its project portfolio within the nation.<\/span><\/p>\n<p class=\"p3\">Recently, ACEN Vietnam formalized a share acquisition agreement with Huntington Renewable Investments Ltd., a firm focused on renewable energy investments, to obtain an interest in BIMEH, as stated by ACEN in a regulatory disclosure on Wednesday.<\/p>\n<p class=\"p3\">\u201cThis acquisition will enable ACEN to expand its project pipeline in Vietnam,\u201d the local energy firm declared.<\/p>\n<p class=\"p3\">ACEN and BIMEH, the renewable energy platform of BIM Group, are engaged in joint ventures for the 405-megawatt (MW) Ninh Thuan Solar and the 88-MW Ninh Thuan Wind projects.<\/p>\n<p class=\"p3\">Ninh Thuan Solar commenced its commercial operations in 2019, whereas Ninh Thuan Wind started contributing power to Vietnam\u2019s grid in 2021. Collectively, these power projects are producing approximately 900 million kilowatt-hours of renewable energy annually.<\/p>\n<p class=\"p3\"><span class=\"s2\">BIM Group is a diversified corporation in Vietnam with interests in real estate, agriculture and food production, renewable energy, and consumer services.<\/span><\/p>\n<p class=\"p3\">ACEN, the energy platform of the Ayala conglomerate, possesses around 6.8 gigawatts of renewable energy capacity that is operational, under construction, or in committed projects.<\/p>\n<p class=\"p3\">The firm operates in a wide array of markets, including the Philippines, Australia, Vietnam, India, Indonesia, Laos, and the United States.<\/p>\n<p class=\"p3\"><span class=\"s3\">According to the company, ACEN\u2019s newly operational renewable energy facilities launched earlier in 2024 have continued to make substantial contributions to generation output and, consequently, financial performance.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">For the nine months ending in September, the firm reported an attributable net profit of P8.14 billion, an increase of 23.9% from last year\u2019s P6.57 billion.<\/span><\/p>\n<p class=\"p3\">On the local exchange on Wednesday, ACEN shares declined by 2.82% to finish at P4.13 each. \u2014 <b>Sheldeen Joy Talavera<\/b><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bworldonline.com\/corporate\/2024\/11\/28\/637853\/acen-boosts-presence-in-vietnam-with-70-5-m-investment\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ACEN Vietnam Investment Pte. Ltd., a subsidiary of ACEN Corp., has purchased a 49% share in the Vietnamese renewable energy company BIM Energy Holding Corp. (BIMEH) for $70.5 million (P4.15 billion) to enhance its project portfolio within the nation. Recently, ACEN Vietnam formalized a share acquisition agreement with Huntington Renewable Investments Ltd., a firm focused<\/p>\n","protected":false},"author":3,"featured_media":5418,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[195],"class_list":{"0":"post-5417","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-and-markets","8":"tag-return-a-list-of-comma-separated-tags-from-this-title-acen-boosts-presence-in-vietnam-with-70-5-m-investment"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ACEN Expands Footprint in Vietnam with Major $70.5 Million Investment - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACEN Expands Footprint in Vietnam with Major $70.5 Million Investment - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"ACEN Vietnam Investment Pte. Ltd., a subsidiary of ACEN Corp., has purchased a 49% share in the Vietnamese renewable energy company BIM Energy Holding Corp. (BIMEH) for $70.5 million (P4.15 billion) to enhance its project portfolio within the nation. Recently, ACEN Vietnam formalized a share acquisition agreement with Huntington Renewable Investments Ltd., a firm focused\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-27T16:16:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/11\/ACEN-wind-farm-wc-300x200.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wsjcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scritto da\" \/>\n\t<meta name=\"twitter:data1\" content=\"wsjcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/\",\"name\":\"ACEN Expands Footprint in Vietnam with Major $70.5 Million Investment - WSJ-Crypto\",\"isPartOf\":{\"@id\":\"https:\/\/wsj-crypto.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/11\/ACEN-wind-farm-wc-300x200.jpg\",\"datePublished\":\"2024-11-27T16:16:19+00:00\",\"author\":{\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/#primaryimage\",\"url\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/11\/ACEN-wind-farm-wc-300x200.jpg\",\"contentUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/11\/ACEN-wind-farm-wc-300x200.jpg\",\"width\":300,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wsj-crypto.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ACEN Expands Footprint in Vietnam with Major $70.5 Million Investment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wsj-crypto.com\/#website\",\"url\":\"https:\/\/wsj-crypto.com\/\",\"name\":\"WSJ-Crypto\",\"description\":\"Just Another Crypto News Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wsj-crypto.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"it-IT\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\",\"name\":\"wsjcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"caption\":\"wsjcrypto\"},\"url\":\"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ACEN Expands Footprint in Vietnam with Major $70.5 Million Investment - WSJ-Crypto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/","og_locale":"it_IT","og_type":"article","og_title":"ACEN Expands Footprint in Vietnam with Major $70.5 Million Investment - WSJ-Crypto","og_description":"ACEN Vietnam Investment Pte. Ltd., a subsidiary of ACEN Corp., has purchased a 49% share in the Vietnamese renewable energy company BIM Energy Holding Corp. (BIMEH) for $70.5 million (P4.15 billion) to enhance its project portfolio within the nation. Recently, ACEN Vietnam formalized a share acquisition agreement with Huntington Renewable Investments Ltd., a firm focused","og_url":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/","og_site_name":"WSJ-Crypto","article_published_time":"2024-11-27T16:16:19+00:00","og_image":[{"width":300,"height":200,"url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/11\/ACEN-wind-farm-wc-300x200.jpg","type":"image\/jpeg"}],"author":"wsjcrypto","twitter_card":"summary_large_image","twitter_misc":{"Scritto da":"wsjcrypto","Tempo di lettura stimato":"1 minuto"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/","url":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/","name":"ACEN Expands Footprint in Vietnam with Major $70.5 Million Investment - WSJ-Crypto","isPartOf":{"@id":"https:\/\/wsj-crypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/#primaryimage"},"image":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/#primaryimage"},"thumbnailUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/11\/ACEN-wind-farm-wc-300x200.jpg","datePublished":"2024-11-27T16:16:19+00:00","author":{"@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7"},"breadcrumb":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/#primaryimage","url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/11\/ACEN-wind-farm-wc-300x200.jpg","contentUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/11\/ACEN-wind-farm-wc-300x200.jpg","width":300,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/27\/acen-expands-footprint-in-vietnam-with-major-70-5-million-investment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wsj-crypto.com\/"},{"@type":"ListItem","position":2,"name":"ACEN Expands Footprint in Vietnam with Major $70.5 Million Investment"}]},{"@type":"WebSite","@id":"https:\/\/wsj-crypto.com\/#website","url":"https:\/\/wsj-crypto.com\/","name":"WSJ-Crypto","description":"Just Another Crypto News Website","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wsj-crypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"it-IT"},{"@type":"Person","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7","name":"wsjcrypto","image":{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","caption":"wsjcrypto"},"url":"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/5417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/comments?post=5417"}],"version-history":[{"count":2,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/5417\/revisions"}],"predecessor-version":[{"id":5420,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/5417\/revisions\/5420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media\/5418"}],"wp:attachment":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media?parent=5417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/categories?post=5417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/tags?post=5417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}