Today, ACEN Corporation and UPC Renewables reached a new milestone in their long-standing partnership. They launched two clean energy initiatives in India, which have a total capacity of 540 megawatts (MW). This strategic initiative includes a 420 MW solar farm in Rajasthan. It has a 120 MW windfarm in the state of Karnataka. The projects are in line with India’s ambitious target of 500 GW of renewable energy capacity by 2030.
This joint venture consolidation is a horizon-changer for ACEN. Now, it has full control over an equally formidable portfolio with a total capacity of 1,059 MW of direct current. This acquisition not only enhances ACEN’s renewable energy platform in India but strengthens its position within the country’s burgeoning renewable energy sector. India is in the midst of executing its very ambitious capacity tenders, about 50 GW in total. The key government intermediaries, such as the Solar Energy Corporation of India (SECI), SJVN, NHPC and NTPC are driving this progress.
ACEN’s current presence in India includes three renewable projects that are now under construction. Yet these projects are in the final development stages and are all sited in neighboring Rajasthan and Karnataka. The company has likewise developed one of the country’s strongest pipelines, with almost 7 GW of prospective projects from east to west. This strategic acquisition underscores the progress made in developing ACEN’s Indian platform and reflects the company’s commitment to expanding its renewable energy footprint across key markets in the Asia-Pacific region.
Patrice Clausse, representative from ACEN’s headquarters, stressed the significance of the Indian market for the company’s overall international expansion.
“India is a core market for ACEN’s international growth, and this transaction reflects our long-term confidence in the country’s renewable energy sector. With full ownership of this platform, we are well positioned to accelerate development, optimize our portfolio and continue delivering clean, reliable power at scale.” – Patrice Clausse
He particularly emphasized the strong policy support and rapidly developing market structures in India. Together, these factors form a secure bedrock for continued strong, sustainable development in the renewables space.
“India’s strong policy support, maturing market structures, and growing demand for renewables provide a solid foundation for sustainable growth.” – Patrice Clausse
As ACEN continues to advance its renewable energy initiatives, this latest development highlights both the company’s strategic direction and the increasing significance of renewable energy within India’s energy landscape. In furtherance of its commitment to support local energy needs first, ACEN recently formed a joint venture with UPC Renewables. Together, they are hoping to combat climate change by bringing clean, renewable energy to developing countries.