Indowind Energy Limited has announced that it has entered into an in-principle agreement to acquire an operational 5.1 MW wind power project, marking an important step in the company’s ongoing efforts to strengthen and expand its renewable energy portfolio. The Chennai-based renewable energy company, which is engaged in power generation and distribution through wind assets, stated that the proposed acquisition is aligned with its long-term growth and capacity enhancement strategy.
The wind power project is currently operational and is expected to add stable and reliable generating capacity to Indowind Energy’s portfolio upon completion of the transaction. The company said the acquisition is proposed to be undertaken either as an asset purchase or a share purchase, subject to the receipt of all necessary statutory and regulatory approvals. The indicative consideration for the transaction is expected to be in the range of ₹200–250 million.
Indowind Energy outlined its plans to further enhance the value of the acquired asset over the medium to long term. As part of its future roadmap, the company intends to repower the wind project and/or implement a hybrid solar project, subject to feasibility assessments and regulatory clearances. These initiatives are aimed at improving generation efficiency, maximising asset utilisation, and supporting sustained growth in revenues and profitability.
Commenting on the development, Bala Venckat Kutti, Promoter of Indowind Energy Limited, said, “The proposed acquisition of an operational wind asset supports our objective of strengthening our renewable energy base. The potential repowering and hybridisation of the project provides opportunities to improve generation efficiency and long-term returns, in line with our growth strategy.”
The company stated that the proposed transaction is consistent with its broader focus on capacity expansion, asset optimisation, and strengthening its renewable energy platform. By adding an operational asset and exploring future repowering and hybridisation opportunities, Indowind Energy aims to enhance the performance and resilience of its portfolio while positioning itself for long-term business growth.
Indowind Energy Limited operates as an independent power producer in the renewable energy sector, with established capabilities in the development, operation, and maintenance of wind power projects. The company noted that the proposed acquisition reinforces its commitment to expanding clean energy capacity and supporting India’s renewable energy transition through disciplined and strategic investments.
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