Inox Green Signs 639 MWp Solar O&M Deal, Portfolio Hits 1.6 GW

Inox Green Energy Services Ltd., a renewable energy operations and maintenance (O&M) provider, has signed agreements to offer O&M services for 639 MWp solar projects. These projects belong to one of India’s top renewable energy companies, which is backed by a major global energy multinational, the firm said.

The solar assets are spread across multiple sites owned by the client. With this addition, Inox Green’s solar O&M portfolio has expanded to approximately 1.6 GW. The company’s total renewable O&M portfolio now exceeds 5 GW, underscoring its rapid growth in the solar segment.

Commenting on the milestone, SK Mathu Sudhana, Chief Executive Officer of Inox Green, said, “We are delighted to announce the addition of 639 MWp of solar O&M agreements to our portfolio. This is a significant step in our journey as we cross the 5 GW mark in renewable assets under O&M. We are confident in our ability to scale further, both operationally and financially, in the years ahead.”

Inox Green’s GW-Scale Solar Portfolio

In a prior development, Inox Green signed agreements to provide O&M services for 285 MWp of solar projects owned by two leading renewable energy companies. The projects, spread across multiple sites, were instrumental in boosting the company’s solar O&M portfolio to nearly 1 GW within a month of entering the solar space earlier this year.

Backed by Inox Wind, the company is aggressively expanding its presence in the solar O&M segment. The associated solar projects are expected to be commissioned within the next fiscal year.

During Inox Green’s Q3 FY2025 earnings call, CEO Mathu Sudhana provided insight into the solar expansion plans: “The execution of the solar projects is expected in the next financial year. With an estimated commissioning timeline of 8 to 9 months, the projects will be handed over to Inox Green, and the financial impact will start reflecting thereafter.”