SHV Energy to Sell Indian Solar Portfolio to INOXGFL Group, Exiting Sector
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SHV Energy to Sell Indian Solar Portfolio to INOXGFL Group, Exiting Sector

Dutch firm SHV Energy is set to exit India's renewable energy sector by selling its 290 MW solar portfolio, housed under SunSource Energy, to the INOXGFL group. This move aligns with a trend of international investors monetizing Indian renewable platforms. The acquisition by INOXGFL, which recently agreed to buy Vibrant Energy, signifies its aggressive expansion in the clean energy sector to build scale and long-term options. Financial details of the SHV Energy transaction were not disclosed.

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