Indowind Energy has entered into an in-principle agreement for the acquisition of about 5.1 MW operational wind power project. The proposed acquisition is expected to be undertaken at a consideration in the range of Rs 200-250 million. The project is currently operational and is expected to add stable generating capacity to the company's renewable energy portfolio, subject to statutory/regulatory compliances/approvals wherever necessary, either as Asset or share purchase transaction.

As part of its long-term growth strategy, the company proposes to repower the acquired wind project and/or implement a hybrid solar project in the future, subject to feasibility evaluation and regulatory approvals. These initiatives are intended to enhance generation efficiency, improve asset utilisation, and support sustained growth in revenues and profitability over the long term. The proposed transaction is aligned with the company’s focus on capacity enhancement, asset optimisation, and strengthening its renewable energy platform, while supporting long-term business growth.

Indowind Energy is an IPP in the renewable energy field generating ‘Green Power’ through dedicated Wind farms & also offers allied services in the Wind Energy sector with a mission to be a global player in wind energy sector.