Inox Clean Energy acquires Vena Energy’s 6 GW portfolio

Inox Clean Energy Limited, part of the INOXGFL Group, has acquired Vena Energy India’s 6 GW renewable energy portfolio, to take its overall operating portfolio to 4 GW with an additional 12 GW developmental pipeline. Vena’s portfolio comprises 1.2 GW of operational renewable energy assets, 1.8 GW of projects at an advanced stage of development and nearing commissioning, and an additional 3 GW of developmental-stage projects. The portfolio includes long-term power offtake arrangements with marquee clientele such as SECI and GUVNL, as well as a diversified mix of commercial and industrial consumers and state distribution companies. Following the transaction, Inox Clean’s operating and near-operational portfolio will expand to approximately 4 GW, while its total development pipeline will exceed 12 GW across solar, wind, hybrid and emerging clean energy opportunities.