en.Wedoany.com Reported - India's Inox Wind Limited has signed a Memorandum of Understanding (MoU) with Inox Clean Energy to supply 1,500 megawatts (MW) of wind power turbines for wind energy projects across India. The agreement covers Inox Wind's 3.3 MW and 4X MW turbine models, designed for utility-scale deployment. This transaction is part of the collaboration within the INOXGFL Group, aiming to ensure project execution and stabilize revenue streams.

The MoU aligns with the group's recently launched integrated renewable energy strategy. This strategy aims to create a complete ecosystem encompassing manufacturing, engineering, procurement and construction, independent power generation, and operations and maintenance. The group believes this integrated model helps enhance execution capabilities, establish recurring revenue sources, and provide long-term growth predictability for its subsidiaries.

Inox Clean Energy is positioned as a rapidly emerging renewable energy platform, having achieved an operational asset portfolio of approximately 3.5 gigawatts (GW) within the first two years. The company plans to add over 3 GW of renewable energy capacity annually, targeting an operational portfolio of 14 GW by fiscal year 2029. Wind energy is expected to account for approximately 20% to 30% of the annual capacity additions, which the group states will provide Inox Wind with multi-year recurring order predictability.

Inox Wind is a fully integrated wind energy solutions provider, operating five manufacturing plants in Gujarat, Madhya Pradesh, and Himachal Pradesh, producing blades, tubular towers, hubs, and nacelles. Its manufacturing capacity is approximately 2.5 GW per year, equipped with a 3 MW series wind turbine product line. Its dedicated operations and maintenance subsidiary reports a portfolio of 12.5 GW.

Company management commented that this MoU will help form a robust order pipeline and cross-company synergies. With this new supply agreement, Inox Wind's order book will increase from 3.1 GW to 4.5 GW. The group's future development focus revolves around project execution, supply chain certainty, and capital efficiency.

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