Inox Clean Energy To Buy 300 MW Solar Assets For Rs 10 Billion

07 Jan 2026 CW Team

An official announcement is expected on Monday. Sources said the acquisition would significantly expand Inox Clean Energy’s renewable portfolio and could prompt the company to file a fresh draft red herring prospectus for its planned public listing.

Earlier reports had indicated that SHV Energy appointed BNP Paribas to explore the sale of SunSource Energy’s solar assets, valuing the equity at around USD 100 million. SunSource Energy has a total portfolio exceeding 600 MW, including operational and under-development projects spread across 20 states. On January 2, reports also indicated that SHV Energy had agreed to sell around 290 MW of Indian solar assets to the INOXGFL Group.

According to a June report by CareEdge Ratings, Inox Clean Energy had an operational capacity of 157 MW at the time, comprising 107 MW of solar and 50 MW of wind capacity. The company also had around 400 MW under construction.

The development comes shortly after the INOXGFL Group announced the acquisition of Vibrant Energy from Macquarie Group for an enterprise value of USD 600 million. That transaction followed a competitive process involving bidders such as Sembcorp Industries, Torrent Power and Actis.

Sources said the SunSource acquisition will be funded through a combination of pre-IPO fundraising, internal accruals and promoter capital. Inox Clean Energy had withdrawn its earlier IPO filing for a Rs 60 billion listing and is now expected to submit a revised prospectus. The company has reportedly already secured commitments of around Rs 50 billion in pre-IPO funding.

Queries sent to Inox Clean Energy and SunSource Energy did not receive responses at the time of publication.

India’s renewable energy sector has witnessed strong merger and acquisition activity over the past year, driven by policy support for energy transition and rising investor interest. Notable transactions include the acquisition of O2 Power by JSW Neo Energy for USD 1.47 billion, Orix Corp selling its stake in Greenko Energy Holdings, and several platform-level deals involving ONGC, NTPC and global private equity players.

Industry observers expect M&A momentum in renewables to accelerate further as platforms seek scale and private capital targets discounted clean energy portfolios amid the global energy transition.

IPO-bound Inox Clean Energy has signed a definitive agreement to acquire a 300 MW solar power portfolio from SunSource Energy, owned by Dutch multinational SHV Energy, for about Rs 10 billion, according to people familiar with the matter. An official announcement is expected on Monday. Sources said the acquisition would significantly expand Inox Clean Energy’s renewable portfolio and could prompt the company to file a fresh draft red herring prospectus for its planned public listing. Earlier reports had indicated that SHV Energy appointed BNP Paribas to explore the sale of SunSource Energy’s solar assets, valuing the equity at around USD 100 million. SunSource Energy has a total portfolio exceeding 600 MW, including operational and under-development projects spread across 20 states. On January 2, reports also indicated that SHV Energy had agreed to sell around 290 MW of Indian solar assets to the INOXGFL Group. According to a June report by CareEdge Ratings, Inox Clean Energy had an operational capacity of 157 MW at the time, comprising 107 MW of solar and 50 MW of wind capacity. The company also had around 400 MW under construction. The development comes shortly after the INOXGFL Group announced the acquisition of Vibrant Energy from Macquarie Group for an enterprise value of USD 600 million. That transaction followed a competitive process involving bidders such as Sembcorp Industries, Torrent Power and Actis. Sources said the SunSource acquisition will be funded through a combination of pre-IPO fundraising, internal accruals and promoter capital. Inox Clean Energy had withdrawn its earlier IPO filing for a Rs 60 billion listing and is now expected to submit a revised prospectus. The company has reportedly already secured commitments of around Rs 50 billion in pre-IPO funding. Queries sent to Inox Clean Energy and SunSource Energy did not receive responses at the time of publication. India’s renewable energy sector has witnessed strong merger and acquisition activity over the past year, driven by policy support for energy transition and rising investor interest. Notable transactions include the acquisition of O2 Power by JSW Neo Energy for USD 1.47 billion, Orix Corp selling its stake in Greenko Energy Holdings, and several platform-level deals involving ONGC, NTPC and global private equity players. Industry observers expect M&A momentum in renewables to accelerate further as platforms seek scale and private capital targets discounted clean energy portfolios amid the global energy transition.

Infrastructure Urban

23 Jan 2026

9th India–Myanmar Joint Trade Committee Meeting Held in Nay Pyi Taw

The ninth meeting of the India–Myanmar Joint Trade Committee (JTC) was held in Nay Pyi Taw, Myanmar, with a focus on strengthening bilateral trade and deepening economic cooperation. The meeting was co-chaired by U Minn Minn, Deputy Minister, Ministry of Commerce of the Republic of the Union of Myanmar, and Nitin Kumar Yadav, Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India.Representatives from relevant ministries and stakeholder departments from both countries participated in the discussions. The meeting covered a broad range of issues aim..

Infrastructure Urban

23 Jan 2026

DGCA Launches Digital Pilot Licence Services for ATPL

The Directorate General of Civil Aviation (DGCA) has launched Electronic Personnel Licence (EPL) services for the Airline Transport Pilot Licence (ATPL), marking a significant step in the regulator’s ongoing digital transformation of aviation licensing in India. The service was inaugurated at an event held at the DGCA headquarters.Inaugurating the EPL ATPL service, Director General of Civil Aviation Faiz Ahmed Kidwai said the initiative represents a major advancement in strengthening India’s civil aviation regulatory framework through secure, modern and future-ready digital systems. He con..

Infrastructure Urban

23 Jan 2026

Cabinet Extends Atal Pension Yojana and Support Till 2030–31

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Atal Pension Yojana (APY) up to the financial year 2030–31, along with the extension of government funding support for promotional and developmental activities and gap funding to ensure the scheme’s long-term sustainability.Under the approved framework, APY will continue to receive government support aimed at expanding its reach among unorganised and low-income workers. This includes funding for awareness campaigns, capacity-building initiatives and other developmental activities to strengthen ..