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Indowind Energy to Acquire 5.1 MW Operational Wind Power Project

Chennai-based wind IPP Indowind Energy has signed an in-principle agreement to acquire a 5.1 MW operational wind project for around INR 200–250 million, bolstering its renewable portfolio with scope for future repowering and hybridisation.

December 23, 2025. By Mrinmoy Dey

Chennai-based wind IPP Indowind Energy has announced that the company 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 an approximate consideration in the range of INR 200-250 million, the company said in a statement.

It further added that 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 and approvals wherever necessary, either as an asset or share purchase transaction.

As part of its long-term growth strategy, the company has proposed 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.

Commenting on the development, Bala Venckat Kutti, Promoter of Indowind Energy, 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 proposed transaction is aligned with Indowind Energy's focus on capacity enhancement, asset optimisation, and strengthening its renewable energy platform, while supporting long-term business growth, the company stated.

Tags:

Wind Power

Indowind Energy

Wind project acquisition

Wind IPP projects

wind solar hybrid farms

Bala Venckat Kutti