ACEN India has raised ₹7.52 billion to build a 100 MW wind power project in Karnataka. This is a big step toward expanding its renewable energy portfolio in India. The project, which is in Bijapur, has reached financial closure, which means it can now move on to the construction phase. The goal is to finish it by 2027.
Strong Financial Backing and Project Execution
The funding, equivalent to approximately $90 million, has been arranged through leading Japanese financial institutions, including Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corporation. The investment will be utilized for turbine installation, project construction, and grid connectivity infrastructure, ensuring efficient power generation and seamless integration into the regional electricity network.
A Power Purchase Agreement (PPA) has been signed with SJVN Limited, securing long-term offtake for the project and providing revenue visibility.
Enhancing Renewable Capacity and Power Supply
The 100 MW wind project is expected to produce about 330 million units of clean electricity each year and cut carbon emissions by more than 250,000 tonnes once it is up and running. Karnataka, a major center for renewable energy, will benefit from the extra wind power, which will improve the power supply and make renewable energy more common in the area.
Strategic Growth in India’s Renewable Market
The investment underscores growing confidence in renewable energy infrastructure, supported by stable returns, long-term PPAs, and favorable government policies. ACEN India continues to expand its presence in the Indian market, focusing on scaling both wind and solar assets as part of its long-term strategy.
The development comes after ACEN bought out its joint venture platform in India, which gave it more control over its operations and a better chance to grow. The company currently manages a diverse portfolio of renewable energy projects across the country that add up to more than 1 GW. It also has a strong pipeline of nearly 7 GW of projects in development.
Supporting Sustainability and Economic Growth
The project is expected to create jobs in construction, logistics, and maintenance, which will help the local economy in addition to being good for the environment. The project helps lower carbon intensity and move forward climate commitments by making people less dependent on fossil fuels.
With this investment, ACEN India continues to strengthen its clean energy footprint, supporting India’s transition toward a more sustainable, resilient, and low-carbon power sector.
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