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Signs agreements for solar O&M of 285 MWp with two leading renewable companies
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Solar O&M portfolio reaches ~ 1 GW within a month of entering into the segment
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Plans to grow solar O&M assets through both organic and inorganic routes
Noida – Inox Green Energy Services Ltd., India’s leading renewables operations and maintenance (“O&M”) service provider, announced today that the company has entered into agreements to provide O&M services for 285MWp of solar projects of two of India’s leading renewable energy companies. The projects are located across multiple sites which are owned by the said companies. With this agreement, Inox Green’s solar O&M portfolio has grown to ~ 1 GW within a month of entering into this segment.
On this occasion, Mr. SK MathuSudhana, CEO of Inox Green, remarked, “We continue to rapidly add solar assets to our portfolio under O&M and we are delighted to announce that we have secured additional 285 MWp across multiple sites. As developers across India continue to add multi-gigawatt solar capacities every month, we believe that through our expertise, credentials and tailor-made solutions for solar project O&M, we are well placed grow rapidly in this segment.”
ABOUT INOX GREEN ENERGY SERVICES LIMITED:
Inox Green Energy Services Limited is one of the major renewable power operations and maintenance (“O&M”) service providers in India with > 4 GW of renewable assets under management. The company is engaged in the business of providing long-term O&M services for renewable energy projects. Part of the INOXGFL Group and a subsidiary of Inox Wind with whom it enjoys a synergistic relationship, Inox Green is India’s only listed pure-play renewable O&M services company. It has a strong and diverse portfolio base and an established track record of over a decade. It has reliable cash flows supported by long-term O&M contracts. Its customers include some of the largest IPPs, PSUs along with various retail customers.
