ACEN Corp. Sells Up to 49% Stake in 250 MWac Tejorupa Solar Project in Rajasthan, India to Dutch Investor DIRO
ACEN Corp. has agreed to sell up to a 49% stake in Tejorupa Renewables India Project Private Ltd., which is developing a 250 MWac solar project in Rajasthan, India, to Diamond India Renewables One B.V. (DIRO), a Dutch investor. The transaction includes DIRO's acquisition of an initial 10% voting interest and is subject to customary conditions precedent.
Transaction date:
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 250 MW
- Transaction price
- Not disclosed
- Seller
- ACEN Corp.
- Country
- India
- Region
- Rajasthan
- Location
- Rajasthan, India
- Continent
- Asia
- Development status
- Under Development
- PPA
- n.a.
Technology details
250 MWac solar PV project being developed by Tejorupa Renewables India Project Private Ltd. in Rajasthan. Part of ACEN's URH platform developing three renewable energy projects across Rajasthan and Karnataka with a combined capacity of 1,059 MW.
Additional information
DIRO acquires up to 49% stake and an initial 10% voting interest in Tejorupa. Transaction subject to customary conditions precedent. DIRO is a Dutch entity. ACEN consolidated full control of URH in February 2026, acquiring the remaining 50% voting interest from UPC India Pte. Ltd. India accounted for 26% of ACEN's net attributable international capacity at end-2025, with three operational solar projects totalling 1,344 MW. ACEN (Ayala Group) has approximately 7 GW of attributable renewable capacity across the Philippines, Australia, Vietnam, India, Indonesia, Laos and the United States. Publication date and source URL not provided.
Source
Compiled by Renewables.digital from public announcements.