- ACEN’s Bijapur Wind project raises a green term loan facility worth INR 7.517 billion from MUFG and SMBC, reflecting strong confidence from international banks
- The financing supports the 100 MW (phase 1) of the Bijapur Wind project in Karnataka, India under a PPA with SJVN
- Project is expected to generate 330 million kWh of renewable energy annually, avoiding around 300,000 tonnes of CO₂ emissions
25 March 2026 — ACEN, through Diyos Renewables India Project Private Limited, has secured a project finance term loan of INR 7.517 billion to support the development of its Bijapur Wind project in Karnataka, India.
The greenfield project financing facility, arranged with Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Banking Corporation (SMBC), will partially fund the construction of the 100 MW (phase 1) of the Bijapur Wind project.
Located in Bijapur, Karnataka, the said project will supply renewable power under a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), a government-owned company under India’s Ministry of Power.
The project is set to be commissioned in 2027 and is expected to generate approximately 330 million kWh of clean energy annually, while avoiding around 300,000 tonnes of CO₂ emissions, supporting India’s ambition to reach 500 GW of renewable energy capacity by 2030.
The financing reflects strong support from leading international financial institutions for ACEN’s renewable energy investments and development platform in India.
Patrice Clausse, Group Chief Investment Officer and President and CEO of ACEN International, said: “Securing this project finance facility underscores the strong confidence of global financial institutions in ACEN’s renewable energy platform and our disciplined approach to developing high-quality projects. The Bijapur Wind project strengthens our growing presence in India and contributes to the country’s accelerating transition to cleaner power systems.”
Alok Nigam, CEO of ACEN’s India platform, said: “This financing supports the continued build-out of our renewable energy portfolio in India, a key market for ACEN’s long-term growth. The Bijapur Wind project reflects our focus on delivering scalable, high-quality projects that contribute to India’s clean energy transition while creating sustained value on the ground.”
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