Inox Clean Energy Expands: Acquires Skypower Solar for Rs 265 Crore

Inox Clean Energy Expands: Acquires Skypower Solar for Rs 265 Crore

Inox Clean Energy Expands: Acquires Skypower Solar for Rs 265 Crore In a strategic move to bolster its independent power producer capacity, Inox Clean Energy has announced the acquisition of Skypower Solar India through its arm, Inox Neo Energies. This acquisition is valued at Rs 265 crore and includes a 50 MW solar asset in Madhya Pradesh.According to Inox Clean Energy, this acquisition aligns with their expansion strategy and strengthens their…

Inox Neo Energies Expands Solar Portfolio with ₹265 Crore Skypower India Deal

Inox Neo Energies, a branch of Inox Green Energy Services under the INOXGFL Group, has acquired Skypower Solar India for an enterprise value of ₹265 crore. The deal involves a solar power project of 50 MW (AC) / 57.5 MW (DC) located in the Khandwa district of Madhya Pradesh. The solar plant started working in the financial year 2018. It has a 25-year power purchase agreement (PPA) with Madhya Pradesh Power Management Company Ltd (MPPMCL), which …

Inox Clean Energy Arm Acquires 50 MW Skypower Solar Project

Uttar Pradesh-based INOXGFL Group announced today that Inox Clean Energy Limited’s renewable independent power producer (RE IPP) arm, Inox

Inox Neo Energies acquires Skypower Solar India

New Delhi, Jun 30 (PTI) Inox Clean Energy on Monday said its arm, Inox Neo Energies, has completed the acquisition of Skypower Solar India for an enterprise value of Rs 265 crore. Skypower Solar India has a portfolio comprising 50 MW (AC)/ 57.5 MW (DC) of solar power assets located in Madhya Pradesh, a company statement said. According to the statement, the transaction values the asset at an enterprise value of around Rs 265 crore. "At Inox Clea…

Kalu Aligns With Otti’s Abia Energy Vision, Establishes Solar Factory

Senator Orji Kalu, the Senator representing Abia North Senatorial District and former Governor of Abia State, has aligned with the state governor, Alex Otti’s energy vision for Abia by establishing a solar panel manufacturing factory in the state. The factory, Igbere Renewable Energy Nigeria Ltd, is located in Igbere, Bende Local Government Area of Abia State — the senator’s hometown. It is expected to commence full operations by April 2026, wit…