ACEN, the listed renewable energy platform of Ayala Corporation, highlighted its expanding presence and investments in India during Philippine President Ferdinand R. Marcos Jr.’s state visit last week.
The visit, which commemorated 75 years of diplomatic relations between the Philippines and India, focused on strengthening bilateral cooperation in key sectors, including renewable energy.
ACEN International CEO Patrice Clausse shared updates on the company’s significant investments in India during a CEO roundtable attended by President Marcos Jr. He emphasized that India has become a cornerstone of ACEN’s regional renewables strategy, citing the country’s ambitious goal of achieving 500 GW of renewable capacity by 2030 and its supportive policy environment.
Since entering the Indian market in 2019, ACEN has established two key partnerships with UPC Renewables and Yanara (formerly BrightNight India). These ventures now account for over 2,100 MWdc (~1,600 MWac) of attributable capacity. This includes 630 MWdc (420 MWac) of operational capacity and a robust development pipeline across the states of 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, CEO of UPC Renewables India. “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.”
ACEN’s partnership with UPC Renewables includes three operational solar farms:
- Sitara Solar (140 MWdc/100 MWac)
- Paryapt Solar (70 MWdc/50 MWac)
- Masaya Solar (420 MWdc/300 MWac)
With Yanara, ACEN is developing and constructing innovative hybrid and dispatchable projects, such as the 153 MWdc (114 MWac) Optima wind-solar project in Maharashtra, which is already partially commissioned.
“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,” said Jerome Ortiz, CEO of Yanara. “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.”
Clausse noted that ACEN looks forward to continuing its partnerships and supporting India’s clean energy goals for the decades ahead, while also highlighting opportunities to enhance further the investment environment, such as streamlining regulatory processes and reducing delays in power purchase agreements.
