Inox Clean Energy Limited, through its subsidiary Inox Neo, has signed an agreement to acquire 100 per cent of the equity interests in Vena Energy India. Vena Energy India, Vena Group’s Indian renewable energy platform, comprises around 1 GW of operational renewable capacity, along with 1.7 GW of solar and wind and 1.2 GWh of battery energy storage system (BESS) advanced-stage projects. Additionally, it has a pipeline of 2.7 GW of solar and wind projects and 1.3 GWh of BESS projects.
The acquired portfolio consists of projects with long-term offtaker agreement signed with public sector and commercial customers, such as Solar Energy Corporation of India Limited, Gujarat Urja Vikas Nigam Limited, several commercial and industrial consumers, and state discoms. Moreover, the transaction is subject to customary closing conditions and approvals. Morgan Stanley and MUFG acted as the financial advisors to Vena Group for the transaction.
Earlier, in January 2026, Inox Clean Energy raised Rs 34 billion through a 20-year loan from the National Bank for Financing Infrastructure and Development to refinance existing debt following the acquisition of Vibrant Energy.
