Inox Clean Energy has successfully acquired Vibrant Energy, a renewable energy independent power producer owned by Macquarie, for an enterprise value of ₹5,000 crore (approximately $600 million USD). This acquisition, completed in just four months, is part of a broader trend of consolidation within the renewable energy sector, where larger companies are expanding their portfolios. Vibrant Energy boasts a substantial portfolio of 1,337 MW, supported by long-term power purchase agreements with notable clients such as Amazon, Sify, Coca-Cola, Ultratech Cement, and Laurus Labs, ensuring an average contract duration of 20 years. Devansh Jain, executive director of INOXGFL Group, emphasized that this acquisition not only boosts operational capacity but also enhances their presence in the high-growth commercial and industrial segment. Inox Clean is on track to achieve its ambitious target of 10 GW of installed independent power producer capacity by the fiscal year 2028. This follows previous acquisitions, including a 250 MW solar project from SunSource Energy and a 640 MW hybrid project portfolio from Evergreen Group. The INOXGFL Group operates across various sectors, including chemicals and renewable energy, with a strong focus on expanding its renewable energy footprint both in India and internationally.