ACEN JV, Norwegian firm ink solar MOU

Title ACEN JV and Norwegian Firm Ocean Sun AS Ink Solar MOU to Unlock 
Floating Solar Potential

Unlocking the Power of Floating Solar ACEN JV and Ocean Sun AS Sign Land
Landmark MOU

In a significant move that underscores the growing importance of renewable 
energy, ACEN Corp. has announced that its joint venture, ACEN-Silverwolf Pt
Pte Ltd., has signed a non-binding memorandum of understanding (MOU) with N
Norwegian firm Ocean Sun AS to deploy Ocean Sun's innovative floating solar
solar technology across selected Asian markets.

A Pathway to Scale and Sustainability

The agreement marks a significant milestone in the development and deployme
deployment of utility-scale floating solar installations for freshwater res
reservoirs and inland water bodies. According to Ocean Sun CEO Kristian Tor
Torvold, the MOU establishes a clear pathway to scale their floating solar 
technology together with a highly experienced renewable energy developer.

Capital-Light Licensing Strategy for Utility-Scale Deployment

The partnership also supports Ocean Sun's capital-light licensing strategy 
in the utility segment, providing a structured route from pilot projects to
to utility-scale deployment. This approach is particularly relevant for com
competitive freshwater environments where the need for robust and suitable 
floating solar solutions is growing.

Robust Technology for Freshwater Installations

ACEN-Silverwolf Chairman Kelvin Yuen emphasized the importance of Ocean Sun
Sun's technology, highlighting its focus on robustness and suitability for 
freshwater installations. Ocean Sun AS brings a floating solar technology 
that has been developed and refined over many years, he said. The memoran
memorandum of understanding will help provide a structured way to support a
and deploy their technology in this context.

Combining Renewable Energy Expertise

ACEN-Silverwolf, as the joint venture, is well-positioned to leverage its e
expertise in renewable energy, having operated and owned over 100 megawatts
megawatts (MW) of commercial and industrial renewable energy assets across 
China, Hong Kong, Malaysia, Thailand, and Singapore.

Looking Ahead to a Sustainable Future

As the partnership between ACEN JV and Ocean Sun AS moves forward, it will 
be exciting to see how this innovative floating solar technology is deploye
deployed across Asian markets. With its potential to provide a sustainable 
solution for freshwater reservoirs and inland water bodies, there's no doub
doubt that this collaboration will play an important role in shaping the fu
future of renewable energy.

Conclusion

The signing of this MOU marks a significant step forward in the development
development of renewable energy solutions, particularly in the Asian market
market. As the world continues to grapple with the challenges posed by clim
climate change, innovative technologies like floating solar are crucial in 
helping us move towards a more sustainable future.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.