Inox Wind Limited on Tuesday announced that it has bagged an order for 51 MW from Everrenew Energy Private Ltd, a C&I player. This is an equipment supply order for Inox Wind’s latest 3 MW Wind Turbine Generators (WTGs). Additionally, Inox Wind will provide post commissioning multi-year operations and maintenance (O&M) services, it stated in a regulatory filing. The project will be executed in Tamil Nadu.
Kailash Tarachandani, CEO, Inox Wind, said, “We are pleased to receive a 51MW order from Everrenew, an esteemed customer with whom we aim to build a mutually fruitful partnership going ahead. We are glad to witness the strong preference for our turbines and services by project developers and we continue to make our contribution as India surges ahead to achieve its renewable capacity targets.”
R Venkatesh, CEO, Everrenew Energy Private Ltd, said, “At Everrenew, we are committed to address the ever-growing power demands of our customers through our sustainable renewable power solutions. Our collaboration with Inox Wind will help us deliver on our project commitments as we aim to drive the adoption of renewable energy in the C&I segment and assist companies in their energy transition journey over the coming years.”
Earlier in July, Inox Wind had announced the completion of infusion of approximately Rs 900 crore into the company by its promoter Inox Wind Energy Limited (IWEL). The funds, it added, were raised by IWEL on May 28 through sale of equity shares of Inox Wind through block deals on the stock exchanges, witnessing participation of several marquee investors. In a regulatory filing, Inox Wind had said that the funds will be utilised by the company to completely pare down its external term debt to achieve a net debt free status.