ACEN Corp., the renewable energy platform of Ayala Corp., said its attributable renewable energy capacity in India has reached more than 2,100 megawatts (MW).
The company noted its expanding presence in India during the recent state visit of President Ferdinand Marcos Jr.
At the invitation of Indian Prime Minister Narendra Modi, Marcos Jr. led a five-day mission to commemorate 75 years of diplomatic relations between the Philippines and India. The visit focused on expanding bilateral cooperation, particularly in renewable energy.
During a CEO roundtable attended by Marcos, ACEN International chief executive Patrice Clausse provided an update on the company’s investments in India, which he described as one of its “most strategically important markets outside the Philippines.”
“India has become a cornerstone of our regional renewables strategy,” Clausse said.
“Its ambitious target of 500 GW of renewable capacity by 2030, along with a supportive policy environment, provides a strong platform for long-term investment and collaboration,” he said.
Since entering the Indian market in 2019, ACEN has formed partnerships with UPC Renewables and Yanara (formerly BrightNight India).
These ventures now account for more than 2,100 MW of attributable capacity, including 630 MW already operating and a pipeline under development in Rajasthan, Karnataka, Gujarat, Maharashtra and Madhya Pradesh.
“India is fast emerging as a global leader in clean energy with its visionary leadership and decisive action,” said Alok Nigam, chief executive of UPC Renewables India.
“In this partnership with ACEN, we’re honored to contribute to this momentum with 630 MW in operation and over 500 MW under execution,” said Nigam.
ACEN’s partnership with UPC Renewables includes three operational solar farms: the 140-MW Sitara Solar, 70-MW Paryapt Solar and 420-MW Masaya Solar. With Yanara, ACEN is developing hybrid and dispatchable projects, including the 153-MW wind-solar Optima project in Maharashtra, which has been partly commissioned.
Future projects include a 420-MW solar farm and two firm and dispatchable renewable energy (FDRE) projects in Rajasthan with a combined capacity of 806 MW, as well as a 120-MW wind farm in Karnataka.
These projects have secured power purchase agreements with major Indian power generators, including the Solar Energy Corporation of India Limited (SECI), Satluj Jal Vidyut Nigam (SJVN), National Hydroelectric Power Corporation (NHPC), and National Thermal Power Corporation (NTPC).
Jerome Ortiz, chief executive of Yanara, said “pioneering utility-scale renewable energy takes bold vision, enabling partnerships and supportive policy.”
“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,” Ortiz said.
Clausse also noted opportunities to strengthen the investment climate, such as reducing delays in power purchase agreements, streamlining regulatory processes, and ensuring timely implementation of change-in-law compensation.
“India stands out for its scale, innovation and openness to global collaboration. We look forward to continuing our partnerships and supporting India’s clean energy goals for the decades ahead,” said Clausse.
