en.Wedoany.com Reported - Inox Wind Ltd. (IWL) has signed a Memorandum of Understanding (MoU) with Inox Clean Energy to supply 1,500 MW of wind turbines for multiple renewable energy projects under development in India. Inox Wind will provide its 3.3 MW and 4X MW wind turbine models to support Inox Clean Energy's renewable energy project portfolio. The latter plans to significantly expand its capacity in the coming years, and these projects are part of that plan.
The MoU aligns with the INOXGFL Group's recently launched "integrated" renewable energy strategy, which aims to create a fully integrated renewable energy ecosystem covering manufacturing, engineering, procurement and construction (EPC), independent power production (IPP), and operations and maintenance (O&M) services. According to the company, the strategy integrates the capabilities of Inox Clean Energy, Inox Renewable Solutions, Inox Green Energy Services, and Inox Wind to strengthen project execution, enhance recurring revenue streams, and support the group's long-term growth.
Inox Clean Energy has rapidly expanded its renewable energy platform to approximately 3.5 GW of operational capacity within the first two years of operations. The company plans to add over 3 GW of renewable energy capacity annually, targeting an operational capacity of 14 GW by fiscal year 2029. The company expects wind energy to account for 20% to 30% of its annual capacity additions, creating long-term demand for turbine supply and providing predictable recurring orders for Inox Wind.
Sanjeev Agarwal, CEO of Inox Wind, stated that the agreement strengthens the company's growth prospects and supports the group's clean energy goals. He revealed that Inox Wind currently holds 3.1 GW in orders, and with this 1,500 MW MoU, the order pipeline has increased to over 4.5 GW. Bharat Saxena, CEO of Inox Clean Energy, said the collaboration is a key step in implementing the group's integrated renewable energy strategy. As the company expands its project portfolio, in-house wind turbine manufacturing, execution, and operational capabilities help accelerate project delivery, improve supply chain reliability, and enhance capital efficiency.
The agreement reflects a growing trend of investment in integrated renewable energy platforms in India. Developers are increasingly seeking greater control over manufacturing, project execution, and asset management to support large-scale clean energy deployment and accelerate the nation's energy transition.
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