ACEN Expands India Solar Push with Dutch Partner Diamond India Renewables

ACEN Corp., the renewable energy platform of the Ayala Group led by the Zobel family, has announced a partnership with Netherlands-based Diamond India Renewables One B.V. to develop a new solar power project in India. The deal, disclosed on [date], marks ACEN's latest move to expand its renewable energy footprint in the fast-growing Indian market.

This partnership follows ACEN's previous investments in India's solar sector, where it has been actively building a portfolio of renewable energy assets. The company has set ambitious targets to reach 20 GW of renewable capacity by 2030, with India identified as a key growth market. The collaboration with Diamond India Renewables One B.V. is expected to bring additional technical and financial expertise to the project, though specific details regarding capacity, investment size, and timeline have not yet been disclosed.

The partnership underscores the growing trend of international collaboration in India's renewable energy sector, which has attracted significant foreign investment in recent years. For ACEN, this deal reinforces its commitment to expanding its presence in Asia's emerging markets and diversifying its energy portfolio. The project is expected to contribute to India's renewable energy targets and support the country's transition away from fossil fuels. Further details are anticipated as the project progresses.