Inox Green targets 17 GW O&M portfolio by FY27

Inox Green Energy Services Ltd, the operations and maintenance (O&M) arm of the InoxGFL Group, plans to expand its renewable energy O&M portfolio from the current 5 GW to 17 GW by the next financial year, according to executive director Devansh Jain.

Jain told Mint that the company will pursue both organic expansion and acquisitions to achieve this target, but did not disclose investment estimates. He described O&M as a central growth driver for the group, noting that the business already manages over 5.1 GW of renewable assets.

Over the next two to three years, Inox Green intends to increase capital and technology spending to expand its workforce, digital systems, and O&M capacity. Jain said the company is evaluating inorganic opportunities that align with its valuation approach and long-term objectives.

The subsidiary of Inox Wind is also in discussions with global partners across the renewable energy chain, particularly in asset management and maintenance.  

On consolidation in the sector, Jain noted that Inox Green sees scope to acquire smaller players and portfolios that complement its platform. He added that the company plans to invest in digital solutions such as AI-based diagnostics, predictive maintenance, and digital twin systems to improve efficiency and asset uptime.

Addressing supply chain issues, Jain said that about 75 per cent of the components used in the company’s wind turbines are manufactured in India, including blades, towers, nacelles, and other parts. For the remaining 25 per cent, including rare earth magnets and electronics, the company follows a diversified global sourcing model to avoid overdependence on a single country or supplier.

The featured photograph (Credit: Inox Green) is for representation only.