ACEN announced the board approval on the company's plans to enter the United States renewable energy market through a newly formed strategic partnership with UPC Solar & Wind Investments LLC (UPC) and Pivot Power Management (PPM) to pursue opportunities to acquire operating wind projects in the US and explore strategies for extending their useful life through preventative maintenance and repowering. The transaction is subject to usual and customary conditions precedent to closing. The new partnership will target the acquisition of operating wind projects across various geographies in the US.

It will seek to upgrade and replace key components on target projects with the goal of extending project life and optimizing power generation.