Inox Green expands renewable portfolio with 639 MWp solar O&M deal – EQ
In Short : Inox Green Energy has entered the solar operations and maintenance (O\&M) sector by securing a 675 MWp contract across several Indian states. This marks its diversification beyond wind energy. The move aligns with parent company INOXGFL Group’s broader solar ambitions and enhances Inox Green’s position as a comprehensive renewable energy service provider in India’s growing clean energy market.
In Detail : Inox Green Energy Services Ltd announced today it has secured agreements to provide operations and maintenance (O&M) services for 639 MWp of solar projects across multiple sites in India. The deal is with an unnamed renewable energy company backed by a major energy multinational.
The shares of Inox Green Energy Services were trading at ₹180.11 down by ₹1.24 or 0.68 per cent on the NSE today at the closing bell.
This acquisition pushes Inox Green’s solar O&M portfolio to approximately 1.6 GW and brings its total renewable O&M assets under management to over 5 GW.
“We we have secured another 639 MWp of solar O&M agreements, as we continue to march ahead in this segment,” said CEO SK Mathu Sudhana, in the announcement. He expressed confidence that the company would continue its portfolio expansion and achieve higher operational and financial results.
Inox Green, a subsidiary of Inox Wind and part of the INOXGFL Group, describes itself as India’s only listed pure-play renewable O&M services company. The company provides long-term O&M services for renewable energy projects and has been in operation for over a decade.
