Inox Clean Energy has successfully completed the acquisition of Vibrant Energy from Macquarie Corporate Holdings Pty Limited and other shareholders at an enterprise value of ₹5,000 crore.

The transaction was concluded in a record four months, despite challenging global M&A conditions, marking a significant milestone for the INOXGFL Group’s renewable energy ambitions.

Vibrant Energy is a diversified renewable energy independent power producer (IPP) with a total portfolio of 1,337 MW, spread across Madhya Pradesh, Maharashtra, Karnataka, Telangana, and Andhra Pradesh.

The company’s assets are backed by long-term power purchase agreements (PPAs) with an average tenure of around 20 years, ensuring stable and predictable revenue streams. Its client base includes leading commercial and industrial players such as Amazon, Coca-Cola, Sify, UltraTech Cement, and Laurus Labs.

This acquisition significantly strengthens Inox Clean Energy’s integrated renewable platform by combining utility-scale power generation with solar manufacturing capabilities, enhancing operational synergies and scalability.

Devansh Jain, Executive Director of the INOXGFL Group, stated that the deal keeps the company firmly on track to achieve its ambitious target of 10 GW of installed IPP capacity by FY28.

The move underscores Inox Clean Energy’s strategic focus on expanding its renewable energy footprint and reinforcing its position in India’s rapidly growing clean energy sector.