ACEN Expands India Portfolio To 2.1 GW Attributable Renewables

ACEN, the renewable energy platform of Ayala Corporation, has surpassed 2.1 GW of attributable renewable energy capacity in India.

On Prime Minister Narendra Modi's invitation, President Ferdinand R. Marcos Jr. of the Philippines led a five-day high-level mission to commemorate 75 years of diplomatic relations between the Philippines and India. During the state visit last week, the company highlighted in a press release its growing footprint in India since entering the market in 2019.

The statement detailed two major partnerships—one with UPC Renewables and another with Yanara, formerly BrightNight India. These ventures now represent over 2,100 MWdc (~1,600 MWac) of attributable capacity, including 630 MWdc (420 MWac) already operating and a robust pipeline under development across Rajasthan, Karnataka, Gujarat, Maharashtra, and Madhya Pradesh.

The company stated that its partnership with UPC Renewables includes three operating solar farms: the 140 MWdc (100 MWac) Sitara Solar project, the 70 MWdc (50 MWac) Paryapt Solar project, and the 420 MWdc (300 MWac) Masaya Solar project. Meanwhile, in collaboration with Yanara, ACEN is developing and building hybrid and dispatchable projects, such as the 153 MWdc (114 MWac) wind-solar Optima project in Maharashtra, which is already partly commissioned.

In addition, the company has a 420 MWdc (300 MWac) solar farm and two firm and dispatchable renewable energy (FDRE) projects in the immediate pipeline in Rajasthan, with a combined capacity of 806 MW (~709 MWac), along with a 120 MW wind farm in Karnataka.

ACEN explained that these projects have already secured power purchase agreements with India’s leading power generators, including the Solar Energy Corporation of India Limited (SECI), Satluj Jal Vidyut Nigam (SJVN), the National Hydroelectric Power Corporation (NHPC) for 120 MW FDRE, and the National Thermal Power Corporation (NTPC) for 110 MW FDRE.

Key Areas of Co-Operation

The ACEN delegates' visit was focused on expanding bilateral cooperation in key sectors, including renewable energy. During a CEO roundtable attended by President Marcos Jr., ACEN International CEO Patrice Clausse shared updates on the company’s investments in India, now one of its most strategically important markets outside the Philippines.

“India is fast emerging as a global leader in clean energy with its visionary leadership and decisive action. In this partnership with ACEN, we’re honored to contribute to this momentum with 630 MWdc (420 MWac) in operation and over ~500 MWdc (~420 MWac) under execution,” said Alok Nigam, CEO of UPC Renewables India.

“Pioneering utility-scale renewable energy takes bold vision, enabling partnerships, and supportive policy,” said Jerome Ortiz, CEO of Yanara. “Our collaboration with ACEN in India and the Philippines, and the forward-looking approach of both governments, showcases the power of a truly enabling ecosystem. At Yanara, we are building a multi-gigawatt portfolio that accelerates the dual transition to cleaner power and deeper electrification – advancing both energy security and sustainability in the markets we serve,” he added.

Clausse also underscored opportunities to further strengthen the investment environment, such as reducing delays in power purchase agreements and transmission infrastructure, streamlining regulatory processes, and ensuring timely implementation of change-in-law compensation. “India stands out for its scale, innovation, and openness to global collaboration,” Clausse added.