ACEN Renewables International Pte. Ltd., a subsidiary of ACEN Corporation, has acquired the remaining 50 percent stake in Unlimited Renewables Holdings B.V. from UPC India Pte Ltd, giving ACEN full ownership of its India-based renewable energy platform and tightening its grip on one of its most important growth markets.
The transaction was completed on February 4, 2026, and involved the acquisition of 2,724 common shares of URH. With the deal, ACEN now has 100 percent control over a diversified renewable energy portfolio in India with a total capacity of 1,059 megawatts direct current, spanning both solar and wind assets.
The acquisition consolidates several operating projects under ACEN’s direct ownership, including the Masaya, Paryapt, and Sitara Solar assets, as well as projects currently under construction in the states of Rajasthan and Karnataka. These assets form the core of ACEN’s operating footprint in India, one of the fastest-growing renewable energy markets globally.
India has become a central pillar of ACEN’s regional expansion strategy. Following the transaction, the Indian portfolio accounts for around 37 percent of the company’s net attributable capacity, underscoring the scale and strategic importance of the market within ACEN’s broader Asia Pacific platform. Beyond its existing assets, ACEN also holds a development pipeline in India of nearly 7 gigawatts, providing significant runway for future growth.
By moving to full ownership, ACEN gains greater operational and strategic flexibility in managing its Indian assets. Full control is expected to streamline decision-making, accelerate project development, and allow for tighter optimization of capital deployment across operating and under-construction projects.
ACEN said the buyout aligns with its long-term objective of building scale in key renewable energy markets while maintaining disciplined portfolio management. India’s strong policy support for renewables, coupled with rising electricity demand and corporate decarbonization commitments, continues to make the market attractive for large-scale solar and wind investments.
The transaction also reflects a broader trend among regional renewable energy players to deepen exposure in high-growth markets through consolidation rather than purely greenfield expansion. By increasing ownership in established platforms, companies can reduce execution risk while accelerating capacity build-out.
With full ownership of URH, ACEN is positioning itself to move faster in capturing opportunities across India’s renewable energy landscape. As development activity accelerates and new projects move toward construction, the Indian platform is expected to remain a key driver of ACEN’s growth as it scales toward its long-term renewable capacity targets.