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Inox Clean Energy buys 1,337 MW of Indian renewable projects for $600M to expand capacity.
Inox Clean Energy Ltd has acquired Vibrant Energy’s 1,337 MW renewable energy portfolio, including 800 MW of operational wind and solar projects across five Indian states, from Macquarie Corporate Holdings and other shareholders.
The deal, valued at approximately Rs 5,000 crore ($600 million), strengthens Inox Clean’s push to reach 3 GW of capacity by FY26 and 10 GW by FY28.
The acquisition includes long-term power purchase agreements with major industrial and multinational customers, averaging 20 years.
Macquarie said the sale aligns with its shift to an asset management model under Macquarie Asset Management Green Investments.
Standard Chartered Bank advised Macquarie on the transaction.
Inox Clean Energy compra 1,337 MW de proyectos de energía renovable indios por $ 600M para expandir la capacidad.