Inox Green Energy Services Limited IGESL, a prominent renewable energy operations and maintenance O&M service provider in India, has announced a significant milestone in its solar sector strategy. On May 19, 2025, the company confirmed the signing of O&M agreements for 285 MWp worth of solar projects. These projects belong to two of India’s leading renewable energy developers and are spread across multiple strategic locations in the country.

This new development marks a rapid expansion for Inox Green in the solar O&M domain. With these latest agreements, the company’s solar maintenance portfolio has grown to approximately 1 gigawatt GWp, a major feat achieved within just a month of its entry into the solar segment.

Commenting on the development, Mr. SK Mathu Sudhana, CEO of Inox Green, stated that the company is witnessing strong momentum in onboarding new solar assets. He emphasized that India's solar sector is growing at an unprecedented pace, with multi-gigawatt capacities being commissioned regularly. Through a mix of expertise, tailored O&M solutions, and long-standing credibility, Inox Green is confident of becoming a market leader in solar operations and maintenance services.

The latest contracts bolster the company's presence across various regions and add to its already diverse portfolio of renewable assets. These agreements include the end-to-end O&M responsibilities for the solar installations, which will likely involve preventive and corrective maintenance, real-time monitoring, asset performance optimization, and remote diagnostics, ensuring maximum uptime and energy yield for the asset owners.

Inox Green is India’s only listed pure-play renewable O&M company, providing a unique platform for investors to tap into the long-term stability of clean energy operations. As a subsidiary of Inox Wind Limited, the company benefits from strong synergies in wind and solar domains, while also leveraging the strength and financial discipline of the broader INOXGFL Group.

With over 4 GW of renewable assets under O&M management, Inox Green has built a reputation for reliable service, scalable solutions, and customer-centric operations. Its clientele includes Independent Power Producers IPPs, Public Sector Undertakings PSUs, and retail customers, showcasing the company’s broad reach and sector-wide relevance.

The company also revealed its intention to grow the solar O&M portfolio through both organic growth avenues and inorganic expansion strategies. This includes partnering with developers, acquiring existing O&M contracts, and offering bundled service packages that deliver technical, operational, and financial efficiency.

India’s renewable sector is undergoing a massive transformation, driven by ambitious government targets, private sector innovation, and a global shift toward decarbonization. Solar energy, in particular, has emerged as the backbone of India’s clean energy ambitions, and with O&M being a critical component of long-term project success, companies like Inox Green are positioned to play a pivotal role in ensuring reliability, efficiency, and longevity of assets.

The current additions reflect Inox Green’s strategic foresight and agility in responding to market needs. With more developers seeking specialized O&M services to extend asset life and reduce levelized cost of energy LCOE, Inox Green’s customized solar maintenance models stand to gain significant traction in the coming quarters.

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