ACEN Secures Full Ownership of 819 MW RE Portfolio and 7 GW Development Pipeline in India
ACEN has consolidated its joint venture with UPC Renewables in India, securing 100 percent ownership of a 1,059 MWdc/819 MWac renewable portfolio across Rajasthan and Karnataka, along with a pipeline of nearly 7 GW of renewables projects across India.
February 07, 2026. By Mrinmoy Dey
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.
Patrice Clausse, Group Chief Investments Officer and President and CEO, ACEN International, said, “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, optimise our portfolio, and continue delivering clean, reliable power at scale. India’s strong policy support, maturing market structures, and growing demand for renewables provide a solid foundation for sustainable growth.”
UPC Renewables has been a long-time partner of ACEN, having collaborated on projects across the Philippines, Indonesia, Vietnam and Australia, in addition to India. The transaction builds on this partnership and reflects the successful development of the India platform over the years, the company stated.
Alok Nigam, CEO of UPC Renewables India, said, “We are proud of what we have built with ACEN and UPC in India and across the region. This platform is the result of years of close collaboration and shared commitment to developing high-quality renewable energy projects. As ACEN takes full ownership, I am looking forward to continuing to grow this portfolio and make a meaningful contribution to India’s clean energy transition.”
This strategic move strengthens ACEN’s presence in India and supports its broader ambition to scale renewables across key growth markets in Asia-Pacific, the company said.
please contact: contact@energetica-india.net.
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