ACEN Corporation to divest up to 49% stake in 250 MW solar project in Rajasthan to Diamond India Renewables One BV

Type: Sale · Technology: Solar · Country: India · Capacity: 250 MW · Announced: 2026-06-16

ACEN Corporation announced plans to divest up to a 49% stake in a 250 MW solar project located in Rajasthan, India, as part of its capital recycling strategy to fund future growth and investments. The transaction will proceed in phases, with Diamond India Renewables One BV acquiring an initial 10% stake, followed by additional tranches up to 49%. The 250 MW solar project is situated in Rajasthan, a state recognized for its high solar irradiance and favorable renewable energy policies. ACEN, a Philippines-based renewable energy developer, aims to leverage this divestment to enhance its investment capacity in India's rapidly expanding solar energy sector. The deal aligns with India's target of achieving 500 GW of renewable energy capacity by 2030, with solar power playing a central role.

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