Inox Clean arm to acquire 640 MW hybrid power portfolio of Evergreen Group
Inox Neo Energies Ltd is expanding its clean-power pipeline with a 640-MW hybrid acquisition from the Evergreen Group. The deal strengthens its position in India’s renewable race and comes as parent Inox Clean Energy Ltd prepares a ₹6,000-crore initial public offering (IPO) to fuel growth.
On Thursday, Inox Neo Energies announced the execution of definitive agreements with Evergreen Group companies—Evergreen Power Mauritius Pvt Ltd and Evergreen Renewables Pvt. Ltd—to acquire its portfolio of wind-solar hybrid projects aggregating 640 MW of contracted capacity.
