ACEN India Secures INR 751.70 Cr Financing from MUFG, SMBC for 100 MW Wind Project in Karnataka
ACEN India has achieved financial closure for its 100 MW wind power project in Karnataka’s Bijapur, securing INR 751.70 crore in long-term financing from Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corporation.
March 21, 2026. By Mrinmoy Dey
The project has a Power Purchase Agreement (PPA) in place with SJVN for its captive use, the company stated.
Scheduled for commissioning in 2027, the wind project is expected to generate around 330 million units of clean energy annually and offset over 2,50,000 tonnes of CO₂ emissions, the company stated.
Last month, ACEN, through its subsidiary ACEN Renewables International Pte. Ltd. (ACRI), consolidated its joint venture with UPC Renewables in India, making the development platform 100 percent owned by ACEN.
Following the acquisition, ACEN now fully owns a 1,059 MWdc (819 MWac) diversified portfolio, comprising three renewable projects under construction and advanced development in Rajasthan and Karnataka, alongside a pipeline of nearly 7 GW of renewable energy projects across India.
please contact: contact@energetica-india.net.
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