Inox Green to acquire Wind World India’s IPP and O&M assets

Core Insights - Inox Green Energy Services is acquiring Wind World India's 600MW independent power producer capacity and its 4.5GW operations and maintenance business, approved through the National Company Law Tribunal's resolution process [1][5] - The acquisition aims to enhance Inox Green's operational wind assets and expand its O&M scale, thereby deepening its presence in the wind value chain [3][4] Group 1: Acquisition Details - The acquisition includes Wind World India's IPP assets located in seven states with significant wind resources: Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, and Tamil Nadu [2] - The O&M business services major clients such as Greenko Group, Tata Group, Apraava Energy, ReNew, and Hindustan Zinc [2] Group 2: Strategic Goals - Inox Clean aims to achieve a target of 10GW of installed IPP capacity and 11GW of integrated solar manufacturing by fiscal year 2028 [4] - The acquisition is strategically timed to enhance recurring revenue and strengthen Inox Green's annuity-driven revenues and profitability [5] Group 3: Operational Impact - Inox Green Energy Services currently manages approximately 13.3GW-peak of assets and is on track to become India's largest renewable O&M company [5] - The addition of operational IPP assets is expected to improve the company's recurring revenue profile [5]