Inox Wind inks MoU with Inox Clean to supply 1,500 MW wind turbines
Inox Wind Limited has entered into an initial agreement with Inox Clean Energy. This pact will see Inox Wind supply 1,500 megawatts of wind turbines. These turbines will power renewable energy projects across India. This collaboration significantl...
Under the Memorandum of Understanding (MoU), IWL will supply its 3.3 MW and 4X MW wind turbines for renewable energy projects being developed by Inox Clean Energy across India, the company said in a statement.
"We have a robust order book of 3.1 GW and, with this new MoU, our order book crosses 4.5 GW, which covers us for the next few years," Sanjeev Agarwal, CEO, IWL said.
Bharat Saxena, CEO, Inox Clean Energy, said that this partnership will enable faster project execution, greater supply chain certainty and improved capital efficiency as the company continues to scale one of India's fastest-growing renewable energy platforms.
Inox Clean is targeting an operational renewable portfolio of 14 GW by FY29.
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