ACEN Corp. and its foreign partner, Singapore-based UPC Renewables, have extended their renewable energy (RE) footprint in India by starting the construction of two new solar and wind projects.
In a disclosure to the Philippine Stock Exchange on Wednesday, Acen, the energy firm of the Ayala Group, said projects they have started building in India included the 420-megawatt (MW) solar farm in Rajasthan and a 120-MW wind farm in Karnataka.
ACEN said the projects have been set for completion by early 2027 and are designed to generate a combined 1,158 gigawatt hours of clean electricity annually, enough to power about 241,000 homes and avert potential carbon emissions of more than 876,000 tons a year.
The company also said that the RE projects will create more than 1,500 green jobs during the construction phase, contributing to local employment and economic development, but did not reveal their costs.
“These new projects represent not just scale, but momentum as we continue to turn opportunities into action. Our enduring partnership with UPC Renewables has been instrumental in enabling disciplined capital deployment across high-potential markets like India,” Patrice Clausse, ACEN International chief executive officer and group chief investment officer, said.
Meanwhile, Alok Nigam, UPC Renewables India chief executive officer, said that the two projects formed parts of a broader pipeline of over 1,000 MWs of RE projects, “which we aim to deliver over the next two years and plays a meaningful role in India’s green energy transition.”
These new projects build on the momentum of ACEN and UPC Renewables’ joint efforts in India, which already include three operational assets including the 420-MW Masaya, 70-MW Paryapt and the 140-MW Sitara, which are all solar power projects.
ACEN aims to increase its RE capacity to 20,000 MWs by 2030 to help provide clean, reliable and affordable energy to more people and to also become a “Net Zero greenhouse gas emissions” company by 2050.
Apart from the Philippines, ACEN also has energy projects in Australia, India, Lao PDR, United States of America, Indonesia, Malaysia, Vietnam, Bangladesh and Taiwan.
UPC Renewables is an RE developer based in Singapore, with several projects in the Asia-Pacific as well as in the United States and the Netherlands.
