INOX Green Energy Expands Solar Footprint with 285 MWp O&M Agreements

INOX Green Energy Services Ltd. has taken a significant step in its renewable energy expansion by signing agreements for the operations and maintenance (O&M) of 285 MWp solar projects. This move aligns with the company’s strategy to diversify beyond wind energy and strengthen its presence in India’s growing solar sector.

 

Key Highlights:

Strategic Expansion: INOX Green Energy is broadening its renewable portfolio by entering the solar O&M space.

 

Portfolio Growth: The company aims to leverage its expertise in wind energy O&M to ensure high efficiency and reliability in solar projects.

 

Market Positioning: With this agreement, INOX Green Energy strengthens its position as India’s only listed pure-play renewable O&M services provider.

 

Financial Performance: The company reported a 22% YoY revenue growth in Q3 FY25, reflecting strong financial health.

 

Future Prospects: INOX Green Energy’s parent group, INOXGFL, is targeting 3 GW of hybrid renewable capacity in the next few years.

 

This development marks a crucial milestone for INOX Green Energy as it continues to expand its footprint in India’s clean energy landscape.

 

Source: Rediff, INOX Green Energy, SIP4Future