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ACEN Sells Stake in India Solar Venture to Dutch Firm
ACEN Corp. of the Philippines is selling up to a 49% stake in its Indian solar power project, Tejorupa Renewables India Project, to Dutch firm Diamond India Renewables One B.V. (DIRO). The move aims to bolster ACEN's renewable energy expansion in India.
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- ACEN Unit Sells 49% Stake in India Solar Project to Dutch Firm
ACEN India, a unit of the Philippine conglomerate Ayala, has sold a 49% stake in its Indian solar power project to Dutch firm Unlimited Renewables Holdings B.V. and its subsidiary Amsa Solar Holdco Pt. Ltd. This move aims to accelerate ACEN's expansion in the Indian market.