Renewable Power Generation Platform

Inox Neo Energies

Inox Neo Energies Ltd. is the Renewable Energy (RE) Independent Power Producer (IPP) platform of the INOXGFL Group and a subsidiary of Inox Clean Energy Ltd. Backed by the INOXGFL Group which has an unparalleled experience of building large businesses, aims to become one of India’s premier renewable power generation platforms. Inox Neo is targeting at least 3 GW of installed hybrid RE capacity (solar + wind + BESS) within the next 2-3 years. The power generated from these projects will be sold to other INOXGFL Group companies, third party customers as well as on the power exchanges.

Synergizing for Sustainable Growth

Inox Neo has a lot of synergies with other INOXGFL Group companies, which will help it leverage their expertise to set up and operate large scale RE projects. While the Group companies will secure their long-term power requirement generated from Inox Neo’s RE projects, helping offset their carbon emissions, its renewable companies, including Inox Wind, Inox Renewable Solutions and Inox Green gain on account of large-scale business opportunities.

Accelerating Renewable Capacity Expansion

As of currently, the company has 107 MW of operational wind capacity and is building / developing large scale hybrid projects (solar + wind + BESS) for which it has awarded / is in process of awarding turnkey contracts to players including Inox Wind, Inox Solar and third-party solar EPC players. Inox Neo has also entered into PPAs and LoIs for offtake of power from its projects. With multiple ready RE project sites and approvals in place/ongoing for project installation, as well as evacuation infrastructure also available on plug-and-play basis within the INOXGFL Group’s domain, the Company aims to rapidly add capacities to reach its targets. Further, Inox Green’s expertise in O&M of RE projects will also be beneficial for Inox Neo.