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ACEN CORP. has agreed to sell as much as a 49% stake in one other renewable energy (RE) project in India to Dutch investor Diamond India Renewables One B.V. (DIRO), expanding their partnership following an analogous transaction last month.<\/span><\/p>\n In a regulatory filing on Monday, Unlimited Renewables Holdings B.V. (URH), ACEN\u2019s wholly owned subsidiary, said it had entered right into a securities sale and buy agreement with DIRO covering as much as a 49% stake in Diyos Renewables India Project Private Ltd.<\/p>\n \u201cThe transaction is anticipated to shut in stages, with DIRO acquiring an initial 10% voting interest in Diyos,\u201d the corporate said.<\/p>\n Diyos is developing a 100-megawatt (MW) utility-scale wind project in Karnataka, India.<\/p>\n The transaction follows ACEN\u2019s agreement last month to sell as much as a 49% stake in Tejorupa Renewables India Project Private Ltd. to DIRO, allowing the Dutch investor to take part in the event of a 250-MW solar project in Rajasthan.<\/p>\n Earlier this 12 months, an ACEN subsidiary acquired the remaining 50% voting interest in URH from UPC India Pte. Ltd., giving the Ayala-led renewable energy company full ownership of greater than 1 gigawatt (GW) of renewable energy projects in India.<\/p>\n URH is developing three renewable energy projects across Rajasthan and Karnataka with a combined capability of 1,059 MW.<\/p>\n As of end-2025, India accounted for 26% of ACEN\u2019s net attributable capability from its international operations. The corporate operates three solar energy projects within the country with a combined capability of 1,344 MW.<\/p>\n ACEN had about 7 GW of attributable renewable energy capability across operational, under-construction, and committed projects within the Philippines, Australia, Vietnam, India, Indonesia, Laos, and the US as of end-2025.<\/span><\/p>\n Shares in ACEN rose 3.55%, or 11 centavos, to shut at P3.21 each on Monday. \u2014 <\/i>Sheldeen Joy Talavera<\/b><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" MAGNIFIC\/WIROJ SIDHISORADEJ ACEN CORP. has agreed to sell as much as a 49% stake in one other renewable energy (RE) project in India to Dutch investor Diamond India Renewables One B.V. (DIRO), expanding their partnership following an analogous transaction last month. In a regulatory filing on Monday, Unlimited Renewables Holdings B.V. (URH), ACEN\u2019s wholly owned […]<\/p>\n","protected":false},"author":1,"featured_media":362064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[18727,614,3644,56,4873,4995],"class_list":["post-362063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-acen","tag-brings","tag-dutch","tag-india","tag-investor","tag-project"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t