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Inox Clean Energy Leads Race for Brookfield's 550 MW Rajasthan Solar Asset
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Moneycontrol•24-09-2026, 17:53
Inox Clean Energy Leads Race for Brookfield's 550 MW Rajasthan Solar Asset
- •Inox Clean Energy is the front-runner to acquire Brookfield Asset Management’s 550 MW solar power asset in Bikaner, Rajasthan.
- •The deal is reportedly in its final stages, with a potential signing in the coming days, valued at approximately Rs 2,500 crore.
- •This acquisition is part of Brookfield's strategy to recycle its Indian renewable energy portfolio and Inox Clean Energy's pre-IPO acquisition spree.
- •Inox Clean Energy aims for 10 GW of installed RE IPP capacity and 11 GW of integrated solar manufacturing by FY28, having recently acquired Vena Energy India for Rs 6,000 crore.
- •The company, promoted by Vivek Jain-led INOXGFL Group, is also planning a Rs 10,000 crore IPO and recently received a Rs 700 crore investment from Adar Poonawalla's family office.
Key Questions Answered
Inox Clean Energy has emerged as the likely lead contender to acquire Brookfield Asset Management’s 550 MW solar power asset located in Bikaner, Rajasthan.
The transaction for Brookfield's solar portfolio in Rajasthan is expected to be struck at an enterprise value of approximately Rs 2,500 crore.
RPSG group-backed Purvah Green Power has been reported as the other primary contender in the fray for the Bikaner solar asset.
