ACEN Corp., the energy arm of the Philippines’ Ayala Group, has gained full ownership of Unlimited Renewables Holdings B.V. (URH) in India as reported by Inquirer.net, expanding a 1,059 MW renewable energy portfolio with three assets under construction.

The transaction, completed through ACEN Renewables International Pte. Ltd., consolidates ACEN’s position in India, a key market for its international expansion. The company did not disclose the value of the deal.

Patrice Clausse, group chief investments officer and CEO at ACEN International, said: “India is a core market for ACEN’s international growth, and this transaction reflects our long-term confidence in the country’s renewable energy sector.”

ACEN’s diversified Indian portfolio includes operational renewable assets and three under construction, spanning wind, solar, and other clean energy technologies. Full ownership allows the company to optimise project development, streamline operational efficiency, and accelerate the deployment of reliable power.

The move comes amid continued investment in the Indian renewables market, which is experiencing strong growth driven by government policy, rising electricity demand, and corporate clean energy procurement. ACEN has previously committed $250 million (€212.5 million) to additional Indian renewable projects, indicating a strategic focus on scaling low-carbon power capacity.

“This full control of URH positions ACEN to deliver clean, reliable power at scale while continuing to expand its footprint in one of Asia’s fastest-growing renewable markets,” Clausse added.

Founded as the energy arm of the Ayala Group, ACEN operates across the Philippines, India, and other international markets, focusing on utility-scale solar, wind, and hybrid energy projects. The acquisition reinforces ACEN’s strategy to consolidate operations in high-growth markets while maintaining a diversified portfolio of low-carbon energy assets.

Learn how ACEN is scaling clean energy in India and shaping international renewables growth in the full report.