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

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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

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