Inox Clean Energy Limited has secured an investment commitment of Rs 1,500 crore from the Motilal Oswal Group, of which Rs 1,000 crore has already been invested through compulsorily convertible debentures. The funds will primarily support the company’s growth plans, including acquisitions. The investment follows a Rs 700 crore investment from the Adar Poonawalla Family Office, while other investors in Inox Clean and its subsidiaries include CalPERS, RJ Corp, Hero Group, Authum Investments, Akash Bhansali, family offices and high-net-worth investors.
Inox Clean operates across renewable power generation and solar manufacturing through Inox Neo Energies Limited and Inox Solar Limited. Over the past 18 months, it has expanded its operating portfolio and development pipeline through both organic growth and acquisitions. The company has acquired manufacturing assets of US-based Boviet Solar and renewable energy platforms backed by Vena Energy, Vibrant Energy, SunSource Energy and SkyPower, including its Africa business.
Renewable Portfolio Targets 6 GW
Inox Clean’s renewable independent power producer portfolio in India stood at 3 GW as of June 2026. The company expects operational capacity to exceed 6 GW by the end of FY27. Its Africa business has also started construction of a project in Zimbabwe, with the company identifying the region as a growth market supported by sovereign power purchase agreements, land availability and grid connectivity.
In solar manufacturing, Inox Clean has an operational 3 GW module manufacturing facility in Gujarat and is developing a 5 GW module and cell manufacturing facility in India. In the US, the company has established 3 GW of solar module manufacturing capacity and plans to add another 3 GW of cell manufacturing capacity. The investment is expected to support the company’s expansion across renewable generation, solar manufacturing and acquisitions as it scales its integrated clean energy platform.