Inox Clean Energy Enters Deal to Acquire Vibrant Energy’s 1,337 MW Portfolio

Inox Clean Energy Ltd has entered into definitive agreements with Macquarie Corporate Holdings Pty Ltd and other shareholders to acquire Vibrant Energy, a diversified renewable energy independent power producer in India, as per news reports. 

Transaction Details and Portfolio Overview 

As per news reports the deal is estimated at around ₹5,000 crore. Inox Clean Energy said the acquisition covers Vibrant Energy’s total portfolio of 1,337 MW, of which 800 MW is already operational. 

The assets are spread across several states, including Madhya Pradesh, Maharashtra, Karnataka, Telangana and Andhra Pradesh.  

Vibrant Energy has long-term power purchase agreements with major commercial and industrial customers, including global multinational corporations, with an average contract tenure of around 20 years. 

Strategic Significance and Growth Plans 

INOXGFL Group Executive Director Devansh Jain said, “The acquisition will aid Inox Clean’s journey to scale up its renewable power generation capacity. With this and other acquisitions nearing closure, Inox Clean is on course to reach its targeted RE installed capacity of 3 GW by FY26-end, making it the fastest company to do so in India.” 

He added that Inox Clean aims to achieve a renewable installed capacity of 10 GW by FY28. 

Read More: Inox Green Adds 189.1 MWp to Solar O&M Portfolio! 

Conclusion 

The acquisition significantly accelerates Inox Clean Energy’s capacity expansion roadmap and strengthens its position in India’s commercial and industrial renewable power segment. 

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