Noida: Inox Green Energy Services Ltd, a renewables operations and maintenance (O&M) service provider, announced on Wednesday that the company has entered into an agreement to provide operations and maintenance (O&M) services for 675 MWp of solar projects of one of India’s leading renewable energy companies.
The projects are located at sites owned by the said company across multiple states. "With this agreement, Inox Green marks its entry into solar O&M, in a sector which is poised to increase multi-fold over the next decade, providing immense growth opportunities for the company," said the statement.
Commenting on the development, SK Mathusudhana, CEO of Inox Green, remarked, "We are thrilled to enter into this agreement with a marquee customer. With this, Inox Green has now forayed into solar O&M which offers large-scale growth opportunities for us in one of the fastest expanding industries. We believe that with our expertise, credentials and relationships across customers in India, we will be able to rapidly grow our portfolio of assets under management.”
Inox Green Energy Services Limited is one of the major renewable power operations and maintenance (O&M) service providers in India with > 4 GW of renewable assets under management. The company is engaged in the business of providing long-term O&M services for renewable energy projects. Part of the INOXGFL Group and a subsidiary of Inox Wind with whom it enjoys a synergistic relationship, Inox Green is India’s only listed pure-play renewable O&M services company.
"It has a strong and diverse portfolio base and an established track record of over a decade. It has reliable cash flows supported by long-term O&M contracts. Its customers include some of the largest IPPs, PSUs along with various retail customers," said the statement.
