{"id":455363,"date":"2026-02-05T11:40:11","date_gmt":"2026-02-05T11:40:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/455363\/"},"modified":"2026-02-05T11:40:11","modified_gmt":"2026-02-05T11:40:11","slug":"acen-takes-full-control-of-india-renewables-platform-after-buying-out-upc-stake","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/455363\/","title":{"rendered":"ACEN takes full control of India renewables platform after buying out UPC stake"},"content":{"rendered":"

ACEN has taken full control of its India renewables business, ending its joint venture with UPC Renewables in a move that consolidates one of its largest overseas platforms.<\/p>\n

Through subsidiary ACEN Renewables International, the company acquired the remaining 50 percent voting stake in Unlimited Renewables Holdings B.V. from UPC Renewables, giving ACEN 100 percent ownership of the India platform.<\/p>\n

\u201cThis strategic move strengthens ACEN\u2019s presence in India and supports its broader ambition<\/p>\n

to scale renewables across key growth markets in Asia-Pacific,\u201d the company said in a stock exchange filing on Thursday.\u00a0<\/p>\n

India platform<\/p>\n

The acquisition brings under ACEN\u2019s full control a 1,059 megawatt direct current renewables portfolio under construction and advanced development in Rajasthan and Karnataka.<\/p>\n

It also secures a development pipeline of nearly 7 gigawatts of renewable energy projects across India.<\/p>\n


\n \"ACEN
\n <\/a><\/p>\n

ACEN president and CEO John Eric T. Francia with Patrice Clausse, group chief investments officer and president and CEO of ACEN International.\u00a0 <\/p>\n

Management\u2019s view\u00a0<\/p>\n

\u201cIndia is a core market for ACEN\u2019s international growth, and this transaction reflects our long-term confidence in the country\u2019s renewable energy sector,\u201d said\u00a0Patrice Clausse, group chief investments officer and president and CEO of ACEN International.<\/p>\n

\u201cWe are proud of what we have built with ACEN and UPC in India and across the region,\u201d said Alok Nigam, CEO of UPC Renewables India.\u00a0<\/p>\n

\u201cThis 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 continue growing this portfolio and make a meaningful contribution to India\u2019s clean energy transition,\u201d he added.\u00a0<\/p>\n

Why it matters<\/p>\n

\u201cWith full ownership of this platform, we are well positioned to accelerate development, optimize our portfolio, and continue delivering clean, reliable power at scale,\u201d Clausse added.<\/p>\n

India has set a target of 500 gigawatts of renewable energy capacity by 2030, supported by government-backed tenders that offer 25-year offtake contracts.<\/p>\n

ACEN said the country\u2019s regulatory framework, domestic manufacturing base, and access to long-term project financing support stable execution of large-scale projects.<\/p>\n

\u2014Edited by Miguel R. Camus\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"ACEN has taken full control of its India renewables business, ending its joint venture with UPC Renewables in…\n","protected":false},"author":2,"featured_media":455364,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[49,48,295,66],"class_list":{"0":"post-455363","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-environment","8":"tag-ca","9":"tag-canada","10":"tag-environment","11":"tag-science"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/455363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=455363"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/455363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/455364"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=455363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=455363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=455363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}