ACEN’s India portfolio adds 540-MW R.E. deals

ACEN’s India portfolio adds 540-MW R.E. deals | Daily Tribune

ACEN Corp. and its partner UPC Renewables have begun building 540 megawatts (MW) of solar and wind projects in India to expand their presence in the country’s growing clean energy market.

The Ayala-led company said Wednesday that the 420 MW solar farm in Rajasthan and 120 MW wind farm in Karnataka are scheduled for completion by 2027.

Together, the projects are expected to generate 1,158 gigawatt-hours (GWh) of clean electricity annually, enough to power about 241,000 homes and avoid over 876,000 tons of carbon emissions each year.

“These new projects represent not just scale, but momentum — as we continue to turn opportunities into action,” said Patrice Clausse, ACEN International CEO and group chief investment officer.

“Our enduring partnership with UPC Renewables has been instrumental in enabling disciplined capital deployment across high-potential markets like India,” he added.

The solar farm in Rajasthan’s high-irradiance Barmer region will produce 767 GWh annually, while the Karnataka wind project will harness strong monsoonal winds to deliver 391 GWh per year. Over 1,500 green jobs are expected to be created during the construction phase.

Clean energy footprint

The projects are also expected to create over 1,500 green jobs during the construction phase, reinforcing their role in boosting local economic development.

Brian Caffyn, Chairman and Group CEO of UPC Renewables, emphasized the significance of the initiative as part of their long-term strategy in the Asia-Pacific region.

“Since 1994, UPC has been at the forefront of delivering renewable energy projects across multiple jurisdictions. The commencement of these new projects marks another important milestone in our expansion across Asia-Pacific, reinforcing our commitment to scalable and sustainable energy solutions.”

Alok Nigam, CEO of UPC Renewables India, said the construction marks the beginning of a second growth phase for the company’s platform in the country, with more than 1 GWp of renewable energy projects in the pipeline.

The projects add to the growing India portfolio of ACEN and UPC Renewables, which already includes the operational 420 MW Masaya Solar, 70 MW Paryapt Solar, and 140 MW Sitara Solar.

With over 4,800 MW of attributable capacity across the Philippines, Australia, Vietnam, Indonesia, and India, ACEN aims to hit its goal of 20 GW of renewables by 2030, underscoring its commitment to energy transition and global climate action.