Inox Clear Vitality Restricted (Inox Clear), part of the INOXGFL Group, has now utterly acquired Vena Vitality India’s renewable power platform. In a press launch, the agency mentioned that Inox Clear Vitality has accomplished the acquisition for about ₹6,000 crore.
Regardless of involving a number of stakeholders and financing companions, the deal emerged as one of many quickest signing-to-execution transactions, with the transaction accomplished inside two months. This platform fashioned a part of BlackRock-owned GIP’s Vena Vitality India Holdings Pte Ltd and Vena Group’s India renewable platform.
Inox Clean Energy mentioned the acquisition contains Vena Vitality India’s renewable portfolio of roughly 1 GW of operational capability, 1.7 GW of photo voltaic and wind capability, and 1.2 GWh of BESS property at superior levels. Together with this, the corporate additionally has an extra 2.7 GW of photo voltaic and wind capability and a 1.3 GWh BESS improvement pipeline.
Following completion, Inox Clear’s working and near-operational portfolio is anticipated to succeed in roughly 4 GW, with a improvement pipeline exceeding 12 GW of photo voltaic and wind capability and a pair of.5 GWh of BESS.
Your complete transaction worth has been secured via inner fairness and refinancing, highlighting Inox Clear’s sturdy financing capabilities and talent to execute advanced transactions at pace. The acquisition consists of the transition of Vena Vitality India’s administration, guaranteeing continuity throughout improvement, business, technical, and operational features and enabling a seamless transition of the platform.
Until as of July 2026 Inox Clean Energy has expanded its order ebook to 4.4 GW. The corporate famous that, out of the 9.34 GW of renewable power capability awarded via tenders in Q1 FY27, 4.55 GW (49%) comprised wind, hybrid, and Agency and Dispatchable Renewable Vitality (FDRE) tasks.
Executing Acquisitions
The profitable closure additional helps Inox Clear’s continued pursue to progress alternatives throughout the renewable power worth chain.
Commenting on the deal completion, Devansh Jain, Government Director, INOXGFL Group, mentioned, “The profitable completion of the Vena Vitality India acquisition, and the pace with which we’ve got closed this transaction, demonstrates our quick execution capabilities, which we imagine is a key USP and offers us an edge over competitors. Backed by over 20 years of management in renewables, a monitor file that’s irreplaceable, we’ve got constructed deep experience and conviction on this sector.”
