ACEN Takes Full Ownership of 1,059 MW Renewables Platform in India
ACEN has consolidated its joint venture with UPC Renewables to gain 100% ownership of a 1,059 MWdc renewable energy portfolio in India, alongside a nearly 7 GW development pipeline. The move reinforces ACEN’s long-term commitment to India’s clean energy transition.
Transaction date: · Source: acenrenewables.com
Key facts
- Transaction date
- Technology
- Solar PV, Onshore Wind
- Capacity
- 819 MW
- Transaction price
- Not disclosed
- Seller
- UPC Renewables
- Country
- India
- Region
- Rajasthan, Karnataka
- Location
- Multiple project sites across India
- Continent
- Asia
- Development status
- Under Construction
- PPA
- Yes
Technology details
Diversified renewable energy portfolio totaling 1,059 MWdc (819 MWac), comprising three projects under construction and in advanced development stages, alongside a development pipeline of nearly 7 GW across multiple Indian states.
Power purchase agreement (PPA)
Projects are expected to secure long-term offtake contracts through government-backed tenders with up to 25-year durations.
Additional information
ACEN consolidated its Indian joint venture with UPC Renewables, achieving 100% ownership of the platform. The transaction strengthens ACEN’s long-term commitment to India’s clean energy transition and provides full control over a large-scale operating and development portfolio in one of Asia’s fastest-growing renewables markets. The platform benefits from India’s strong policy support, long-term offtake structures and expanding domestic supply chains.
Source
Original announcement: https://www.acenrenewables.com/2026/02/acen-consolidates-india-platform-with-100-ownership/