Inox Wind Signs MoU With Inox Clean To Supply 1,500 MW
The MoU aligns with the Group’s recently launched One Integrated renewable strategy, which seeks to create a fully integrated ecosystem spanning manufacturing, engineering, procurement and construction, independent power production and operations and maintenance services. The integrated approach is presented as a way to enhance execution capabilities, build recurring revenue streams and provide long-term growth visibility for the Group companies.
Inox Clean is described as rapidly emerging as a leading renewable platform and has achieved an operational portfolio of approximately three point five gigawatt (GW) within its first two years. The company plans to add over three GW of renewable capacity annually and is targeting an operational portfolio of 14 GW by FY29. The proportion of annual additions expected to be wind is reported as approximately twenty per cent to thirty per cent, which the Group says will translate into multi-year recurring order visibility for Inox Wind.
Inox Wind is presented as a fully integrated wind energy solutions provider with five manufacturing plants in Gujarat, Madhya Pradesh and Himachal Pradesh producing blades, tubular towers and hubs and nacelles. Its manufacturing capacity is noted as being around two point five GW per annum supported by a three MW series wind turbine generator offering. A subsidiary focused on operations and maintenance is reported to have a portfolio of 12.5 GW of assets.
Management commentary indicated that the MoU will contribute to a robust order pipeline and cross-company synergies, with Inox Wind’s order book moving from three point one GW to four point five GW on account of the new supply pact. The Group outlook is framed around execution, supply chain certainty and capital efficiency.