Inox Clean expands into Africa solar

Inox Clean Energy has partnered with RJ Corp through a joint venture to expand into Africa’s renewable energy space.

Inox Clean, part of the INOXGFL Group, develops and operates wind and solar projects, including hybrid plants, and manufactures solar equipment.

While RJ Corp, which runs large food and beverage businesses across Africa, brings local market knowledge and opportunities to shift its operations toward clean energy.

The deets: the joint venture has acquired Dubai-headquartered Skypower Services MENA, part of SkyPower Global.

Skypower builds and operates large-scale solar projects. It has a strong pipeline across Zambia, Zimbabwe and the Democratic Republic of Congo (DRC).

In the first phase, the partners plan to commission around 570 MW of renewable (mainly solar) energy capacity which can power roughly 4-5 lakh homes.

It also aligns with the company’’s aim to build 2.5 GW of renewable capacity in Africa by FY29. 

The gap: Africa has nearly 60% of the world’s best solar resources, yet solar accounts for only about 3%of its electricity generation. 

As global efforts push to triple renewable capacity by 2030, projects like this help bridge that gap.

Greentechlead