Inox Wind Signs 1500 MW Turbine Supply MoU with Inox Clean
Inox Wind Limited (IWL) has signed a Memorandum of Understanding (MoU) with Inox Clean Energy to supply 1,500 MW of wind turbines. This agreement involves supplying IWL's advanced 3.3 MW and 4X MW wind turbines for renewable energy projects developed by Inox Clean across India. The MoU aligns with the INOXGFL Group's 'One Integrated' renewable strategy, aiming to create a comprehensive renewable energy ecosystem. This collaboration is expected to provide multi-year revenue visibility for Inox Wind, with Inox Clean targeting an operational renewable portfolio of 14 GW by FY29, with approximately 20-30% of annual additions expected to be wind-powered. This significantly boosts Inox Wind's order book to over 4.5 GW.
Key Highlights
- MoU signed for supply of 1500 MW wind turbines to Inox Clean Energy.
- Agreement strengthens INOXGFL Group's integrated renewable energy strategy.
- Provides multi-year revenue visibility for Inox Wind.
- Boosts Inox Wind's order book to over 4.5 GW.
- Supports Inox Clean's target of 14 GW renewable portfolio by FY29.
Price Impact
More from INOXWIND