Inox Clean Energy Limited, part of the INOXGFL Group, has acquired a 1,337 MW renewable energy platform from Macquarie Corporate Holdings Pty Limited and other shareholders.
The acquired platform comprises a diversified portfolio of wind, solar and hybrid renewable energy projects, with approximately 800 MW already operational across multiple Indian states. The transaction represents a major inorganic expansion for Inox Clean Energy as it seeks to scale its renewable energy footprint in India.
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This acquisition significantly accelerates Inox Clean Energy’s growth trajectory in the renewable energy sector and strengthens its position across multiple renewable asset classes. With this transaction, Inox Clean Energy is positioned to meaningfully advance towards its stated 3 GW installed capacity target by FY26.
The transaction also reflects continued consolidation activity in India’s renewable energy sector, as global infrastructure investors monetise mature portfolios while domestic energy platforms scale through acquisitions of operating and near-operational assets.
Legal Advisory to Inox Clean Energy
Lakshmikumaran & Sridharan Attorneys
Lakshmikumaran & Sridharan Attorneys acted as legal counsel to Inox Clean Energy Limited on the transaction. The firm advised on transaction structuring, cross-border regulatory matters, competition law, tax implications, and the negotiation of transaction documents.
Transaction & Strategic Advisory Team
Kunal Arora, Partner
Siddharth Sawhney, Partner
Anupam Misra, Associate Partner
Mitushi Garg, Principal Associate
Ria Mehta, Associate
Tax Advisory Team
Karanjot Singh Khurana, Partner
Harshit Khurana, Associate Partner
Giridhar Vasudevan, Principal Associate
Rishabh Bhatia, Senior Associate
Competition Law Advisory Team
Neelambera Sandeepan, Partner
Charms Mathews, Senior Associate
Rohan Zaveri, Associate
Legal Advisory to the Selling Shareholders
Latham & Watkins (Singapore)
Latham & Watkins acted as legal counsel to Macquarie Corporate Holdings Pty Limited and other selling shareholders on this transaction from Singapore.
About Inox Clean Energy
Inox Clean Energy Limited is the renewable energy platform of the INOXGFL Group, with a focus on developing, owning and operating wind, solar and hybrid renewable assets across India. The company is actively scaling its portfolio through a combination of organic development and strategic acquisitions.
Why This Deal Matters
Scale and diversification: The acquisition adds significant operational capacity across wind, solar and hybrid assets.
Platform expansion: Enables Inox Clean Energy to accelerate towards its multi-gigawatt capacity goals.
Sector consolidation: Highlights ongoing portfolio churn between global infrastructure investors and domestic renewable platforms.
Regulatory complexity: The deal involved cross-border, competition, tax and regulatory considerations across multiple asset types.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions
