Inox Clean Energy has inked definitive agreements to acquire Vibrant Energy. The platform will be acquired from Macquarie Corporate Holdings and its other shareholders.
Furthermore, Standard Chartered Bank served as the sole financial advisor to Macquarie Group for the transaction. The deal value was not disclosed by the companies. Additionally, Vibrant Energy owns a renewable energy portfolio of 1.3 GW, with 800 MW currently operational. Its projects are spread across Madhya Pradesh, Maharashtra, Karnataka, Telangana, and Andhra Pradesh.
Earlier this month, Inox Wind Limited secured a 100 MW repeat order from Jakson Green Limited for wind projects under development in Gujarat.
Furthermore, in the same month, Inox Wind Limited received a 102.3 MW order from Aditya Birla Renewables Limited’s (ABREL) subsidiary ABREL EPC Limited.
