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Inox Neo Energies to acquire 640 MW hybrid portfolio from Evergreen Group

By PTI | New Delhi

Inox Clean Energy Ltd’s renewable IPP arm, Inox Neo Energies, has inked pacts with Evergreen Group firms — Evergreen Power Mauritius and Evergreen Renewables — to acquire its portfolio of 640 MW wind-solar hybrid projects.

The transaction covers five hybrid projects across Maharashtra, contracted under tenders by SJVN Ltd and NTPC Ltd.

The said projects are — SJVN Hybrid 01 – 60 MW; SJVN Hybrid 02 – 60 MW; NTPC Hybrid 01 – 200 MW; NTPC Hybrid 02 – 200 MW and NTPC Hybrid 02 (Green Shoe) – 120 MW, a company statement said.

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