IGREL, Inox Wind Set To Build 550 MW Wind Project Across Three States

Q2 Results: Inox Wind Shows Stellar Performance, Converts Losses Into Profit

Inox Wind Limited (IWL) announced receiving a Letter of Intent (LoI) from IGREL Renewables Ltd (IGREL) to execute 550 MW of wind capacity on a turnkey basis. The project will be executed over the next 24 months across multiple sites in Gujarat, Rajasthan, and Madhya Pradesh. The 550 MW LoI exceeds the firm order of 200 MW received previously and takes IWL’s order book to over 3.5 GW.

As part of the project, Inox Wind will supply, install, and commission the Wind Turbine Generators (WTGs), and provide multi-year comprehensive operations and maintenance (O&M) services post-commissioning.

Commenting on the occasion, Kailash Tarachandani, Group Chief Executive Officer (CEO) of Inox Wind, said, “This is yet another milestone for Inox Wind and puts our company on a firm footing to achieve our 2 GW annual execution vision, which we aim to accomplish in FY27 with our large order book. With robust sectoral tailwinds and IWL’s strong positioning having all the levers in place, we are primed to capitalize on the large opportunity in the sector over the next decade.”

Inox Wind’s EPC Arm Resco Global To Raise 350cr Equity

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Inox Wind (IWL), an Indian wind energy company, announced that the board of its subsidiary, Resco Global Wind Services Pvt. Ltd. (Resco Global), an EPC Projects company, has approved a Rs 350 crore equity raise from marquee investors for a single-digit stake. The funds will be utilized to scale up the business offerings and capitalize on the large-scale opportunities in the Indian wind sector.

The company said that Resco Global is among the top two wind EPC service providers in India with a strong operational track record of more than 14 years. The company offers end-to-end services for wind projects right from the conceptualization stage up to project commissioning, as well as the construction of transmission infrastructure to evacuate power from such projects, offering turnkey solutions to developers on a plug-and-play basis. Resco Global provides its services across India with a very strong presence in Western India. It is developing common infrastructure on a multi-gigawatt scale at sites across the country to be utilized for future renewable projects.

Extended Wait Ahead For Any Price Drops In Solar, Wind

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