Inox Wind arm sells 3 special purpose vehicles

Inox Wind arm sells 3 special purpose vehicles

Inox Wind’s subsidiary Inox Green Energy Services sold entire equity shareholding held in Wind One Renergy, Wind Three Renergy and Wind Five Renergy, to Adani Green Energy.

All three special purpose vehicles successfully commissioned 50 MW each of SECI Tranche 1 in 2019. Inox Wind had won 250 MW under the Tranche 1 of Solar Energy Corporation of India’s (SECI -1) bids for wind power projects at Dayapar, Gujarat connected on the central grid, at a fixed tariff of Rs 3.46 per unit for 25 years for sale to PTC India.

Inox Wind was quoting at Rs 152.45, down Rs 3.50, or 2.24 percent.

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