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Acen secures funding for India wind project
ACEN Corp. has secured a project finance term loan of 7.517 billion rupees (approximately P4.81 billion) through its India unit to support the development of the Bijapur wind project in Karnataka, India. In a disclosure on Wednesday, Ayala-led ACEN said the term loan was arranged through unit Diyos Renewables India Project Private Limited, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp. providing greenfield project financing. The two Japanese financial giants will also partially help fund construction of the first phase of the Bijapur wind project, which has a targeted capacity of 100 megawatts (MW). “Securing this project finance facility underscores the strong confidence of global financial institutions in ACEN Corporation's renewable energy platform and our disciplined approach to developing high-quality projects,” ACEN International President and CEO Patrice Clausse said. He added that the Bijapur wind project “strengthens our growing presence in India and contributes to the country’s accelerating transition to cleaner power systems." Located in Karnataka, the project will supply renewable power under a purchase agreement with SJVN Limited, a government-owned company under India’s Ministry of Power.
cityfalcon.com·10d ago
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ACEN India Secures ₹7.52 Billion for 100 MW Wind Project in Karnataka
ACEN India, a subsidiary of the Philippines-based renewable energy company ACEN Renewables International, has raised ₹7.52 billion (~$80.15 million) from Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corporation for its 100-MW wind power project in Bijapur, Karnataka. The company has signed the power purchase agreement (PPA) for the project with SJVN. The project, expected to be commissioned in 2027, will generate around 330 million units of clean energy annually.
cityfalcon.com·12d ago
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SJVN’s Bikaner solar project crosses 1 billion units of power generation
The Rajasthan-based project, commissioned in December 2025, is expected to generate 2,454 million units annually.
cityfalcon.com·16d ago
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ACME Solar seals 450 MW battery-backed power deal with SJVN
The projects will connect to Inter-State Transmission System (ISTS) substations and leverage the company’s existing night-time connectivity in high-irradiation zones in Rajasthan
cityfalcon.com·24d ago
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CERC Rejects SJVN’s Claim on Delivery Point in Solar Project Billing Dispute
The Central Electricity Regulatory Commission (CERC) has rejected SJVN Green Energy’s petition seeking recognition of a different delivery point for electricity supplied from its 100 MW solar project at the Raghanesda Solar Park in Gujarat.
cityfalcon.com·26d ago
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