en.Wedoany.com Report on Mar 26th, ACEN India has successfully raised 75.2 billion rupees in funding from MUFG and SMBC. This financing will be used for the development of the company's 100 MW wind power project in Bijapur, Karnataka, India. The wind project is expected to commence operations in 2027. Once completed, it will produce approximately 330 million units of clean electricity annually, contributing to the advancement of local renewable energy development.

ACEN India has signed a power purchase agreement with SJVN for this wind project, ensuring a stable sales channel for the project's output. With the funds secured, the company will accelerate the project's construction progress to achieve the target of commissioning in 2027. This move demonstrates ACEN India's continued investment and strategic planning in the renewable energy sector, as well as its support for India's clean energy transition.

This financing was jointly provided by two international financial institutions, providing capital security for the Indian wind project. Upon completion, the 100 MW wind project in Bijapur will supply stable clean electricity to the local grid, aiding in the optimization of the regional energy structure. ACEN India will continue to advance its portfolio of renewable energy projects in the future, in response to India's long-term demand for additional clean power capacity.