Inox Clean Energy acquires Vibrant Energy
Change
Inox Clean Energy Limited acquired Vibrant Energy, a Macquarie-owned renewable independent power producer.
Why it matters
The transaction valued Vibrant Energy’s equity at $200 million. Vibrant’s portfolio totals 1.3 GW, of which 800 MW is operational. The portfolio carries long-term power purchase agreements with global commercial and industrial customers, weighted average tenure 20 years. Projects are located across Madhya Pradesh, Maharashtra, Karnataka, Telangana and Andhra Pradesh. Inox Clean has installed-capacity targets of 3 GW by FY26-end and 10 GW by FY28.
Implications
- • Adds 1.3 GW of project assets, including 800 MW operational, to Inox Clean’s asset registry and operational oversight.
- • Transfers long-term PPA contract management and billing responsibilities (weighted average tenure ~20 years) to Inox Clean’s commercial teams.
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