INOX Clean Energy, RJ Corp and SkyPower have partnered to establish an integrated renewable energy platform in Africa. The platform targets over 10 GW of solar capacity and will initially focus on high-growth markets including Zambia, Zimbabwe and the Democratic Republic of Congo. Additionally, INOX Clean Energy and RJ Corp have acquired SkyPower Services MENA Limited through a 50:50 joint venture.
Furthermore, the first phase of the initiative targets approximately 570 MW of solar capacity, with construction expected to commence in the upcoming months. The partnership aims to achieve 2.5 GW of installed renewable capacity in Africa by the financial year 2029. The initiative also supports INOX’s broader targets of 10 GW of independent power producer capacity and 11 GW of integrated solar manufacturing capacity by the financial year 2028.
In June 2026, Inox Clean Energy Limited, through its subsidiary Inox Neo, 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 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.
