Inox Clean Energy

Inox Clean Energy is the INOXGFL Group’s unlisted renewable energy platform, serving as the holding company for Inox Neo Energies (independent power production) and Inox Solar (solar manufacturing). The company has pursued an aggressive growth-by-acquisition strategy, completing ten strategic acquisitions in the past ten months to expand across the solar and wind value chains. It has set medium-term targets to reach 15 GW of installed renewable power generation and 11 GW of integrated solar manufacturing capacity by FY28. Recent private investments, including ₹700 crore from Rising Sun Holdings and about ₹800 crore from CalPERS, are intended to support these expansion plans and strengthen the company’s balance sheet. As an unlisted entity tied to the broader INOXGFL Group, observers note potential synergies with listed group companies such as Inox Wind, Inox Green Energy Services, and Gujarat Fluorochemicals.