SHV Energy to Sell 290 MW Indian Solar Portfolio to INOXGFL Group
SHV Energy Exits India Renewables SHV Energy plans to sell its 290 MW Indian solar assets, signalling a complete exit from India’s renewable energy sector
Assets Under SunSource Energy The Indian solar portfolio is housed under SunSource Energy, SHV Energy’s renewable energy platform in India
INOXGFL Expands Clean Energy Play INOXGFL Group will acquire the assets, strengthening its renewable energy presence and long-term clean energy strategy
Deal Value Undisclosed The financial value of the transaction remains unknown. Both SHV Energy and INOXGFL have not officially commented on the deal
Broader Market Trend The exit highlights a trend of global investors monetising Indian renewable platforms, while domestic groups scale up clean energy investments