Inox Clean Energy Limited acquired Vibrant Energy, a Macquarie-owned renewable independent power producer, for $200 million equity value. Vibrant Energy has a portfolio of 1.3 GW, including 800 MW operational capacity, with projects across multiple Indian states such as Madhya Pradesh, Maharashtra, Karnataka, Telangana, and Andhra Pradesh. The assets have long-term power purchase agreements with global commercial and industrial customers. This deal is a strategic step for Inox Clean Energy to approach its targeted 3 GW renewable installed capacity by FY26 and set a foundation for 10 GW by FY28. Macquarie Group aims to shift its renewable energy business to an asset management model, with Standard Chartered Bank as its exclusive advisor.