8 months ago
Inox Clean Energy Acquires 300 MWp Solar Projects
Inox Clean Energy, a company that makes clean energy, bought some solar power projects from another company called SunSource Energy.
These projects can make 300 MWp of power, which is a lot!
Inox Clean paid ₹1,000 crore for these projects.
Before this, Inox Clean already had some power plants that could make 157 MW of power, and they were building more that could make 400 MW.
A group called CareEdge gave Inox Clean a 'stable' rating, which means they think the company is doing well.
Inox Clean has special deals to sell power for up to 25 years to big companies, which helps them make money steadily.
Inox Clean Energy acquires 300 MWp of operational solar projects from SunSource Energy for ₹1,000 crore.
The acquisition will significantly expand Inox Clean’s renewable energy portfolio.
As of June 2025, Inox Clean had an operational capacity of 157 MW and 400 MW under construction.
CareEdge Ratings assigned a 'stable' rating to Inox Clean’s long-term bank facility of ₹190 crore.
The rating is supported by long-term Power Purchase Agreements (PPAs) with reputed counterparties.
- Who
- Inox Clean Energy and SunSource Energy
- What
- Acquisition of 300 MWp operational solar projects
- Where
- India
- When
- Not specified
- Why
- To add scale to Inox Clean’s renewable portfolio
Key facts
- Acquirer
- Inox Clean Energy
- Target
- SunSource Energy
- Project Capacity
- 300 MWp
- Deal Value
- ₹1,000 crore
- Inox's Operational Capacity (June 2025)
- 157 MW
- Inox's Under-Construction Capacity (June 2025)
- 400 MW
- CareEdge Rating
- Stable
- Long-Term Bank Facility
- ₹190 crore
