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Inox Clean Energy is acquiring a 300 MW solar power portfolio from SunSource Energy, owned by Dutch multinational SHV Energy, for around ₹1,000 crore.
300 MWp of solar power is enough to run around 2 lakh homes, giving businesses clean electricity for decades and reducing dependence on coal-based power.
Context: Inox Clean Energy is an IPO-bound renewable energy platform from the INOX Group, with ambitions to scale fast in solar and wind. SunSource Energy is a commercial and industrial-focused solar developer with projects spread across India.
The deets: the deal is being executed through Inox Neo Energies, with 250 MWp already acquired and another 50 MWp in process, taking the total to 300 MWp.
The projects come with long-term power purchase agreements averaging 24 years, serving sectors like manufacturing, FMCG, healthcare, and pharma. Funding will come from pre-IPO fundraises, internal accruals, and promoter capital.
Big theme: India’s solar manufacturing capacity is set to explode over the next five years, across modules, cells, wafers, and polysilicon. Solar modules will nearly double from 80 GW in 2025 to 160 GW by 2030, showing where most capacity is being built.
The real catch-up story is cells, wafers, and polysilicon, which rise sharply from low bases, reducing India’s dependence on imports.
