Author: PPD Team Date: 30/06/2025
The joint venture of ACEN and UPC Renewables has commenced construction of two large-scale renewable energy projects in India. The work began on June 25, 2025, and includes a 420 MW solar power project in Rajasthan and a 120 MW wind power project in Karnataka.
The 420 MW Inter-State Transmission System (ISTS)-connected solar power project is located in the high-irradiance Barmer region of Rajasthan. It is being developed under SECI’s (Solar Energy Corporation of India) Tranche-XIII. In March 2024, Tejorupa Renewables India Project, a UPC Renewables entity, secured the capacity by quoting a tariff of Rs 2.56 per kWh. SECI had invited bids in December 2023 to allocate 1,500 MW of ISTS-connected solar capacity under this tranche.
The 120 MW ISTS-connected wind power project is being developed in Karnataka for SJVN Limited. In August 2024, UPC Renewables India Management Private Limited won the capacity by quoting a tariff of Rs 3.99 per kWh. This followed SECI’s request for selection issued in March 2024 for 600 MW of ISTS-connected wind projects.
Together, the 540 MW portfolio is expected to generate 1,158 GWh of electricity annually once commissioned in early 2027. The solar plant is expected to contribute 767 GWh annually, while the wind project is estimated to generate 391 GWh.
The ACEN–UPC Renewables joint venture is developing wind, solar, and hybrid projects with a combined capacity exceeding 1,000 MWp in India. The joint venture also intends to divest up to 74 percent equity stake in these assets.