ACEN Corp. said on Thursday that a joint venture (JV) company, IBV ACEN Renewables Asia Pte. Ltd., had completed the acquisition of shares in a Bangladeshi solar project as part of a bid to expand its footprint in the South Asian country.
In a disclosure, the renewable energy company said that IBV ACEN closed the acquisition, through Sonagazi Sun Holdings Pte. Ltd., of a 49-percent interest in a 70-megawatt Bangladesh solar project.