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ACEN sells initial 10% stake in 250-MW Indian solar project
Original: ACEN sells initial 10% stake in 250-MW Indian PV scheme
ACEN, the renewable energy arm of the Ayala Group, has sold an initial 10% stake in its 250-MW solar project in India. The partial divestment is an early step in the company's plans to bring in partners for the Indian photovoltaic scheme, reflecting ongoing interest from investors in utility-scale solar assets in the country.
Why now: Investors and energy watchers are tracking ACEN's expansion and asset-selling strategy in India's fast-growing solar market.
Evidence
- ACEN sells initial 10% stake in 250-MW Indian PV scheme · Renewables Now
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