ACEN India has achieved financial closure for its 100 MW wind power project in Bijapur, marking a significant step forward in expanding its renewable energy footprint in India.
The company has secured long-term project financing of ₹7.517 billion (approximately $90 million) from leading Japanese financial institutions, including Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corporation. The funding will support the project’s transition into the construction phase, with commissioning targeted in 2027.
A Power Purchase Agreement (PPA) for the captive project has already been signed with SJVN Limited, ensuring long-term offtake security. Once operational, the wind project is expected to generate around 330 million units of clean energy annually and offset more than 250,000 tonnes of carbon emissions.
This development follows ACEN’s recent move to consolidate its India operations by acquiring the remaining stake in its joint venture with UPC Renewables India, making the platform fully owned by ACEN. The company currently manages a diversified renewable portfolio of over 1 GW across the country.
With a robust pipeline of nearly 7 GW, ACEN is steadily scaling its presence in India, aligning with the country’s target of achieving 500 GW of non-fossil fuel capacity by 2030. Karnataka continues to play a key role in this growth, given its strong wind resource potential and well-developed transmission infrastructure.
