Inox Green to acquire Vibrant Energy from Macquarie for $200-M

Mumbai-based Inox Green Energy is to acquire renewable energy platform Vibrant Energy from Macquarie Asset Management for an equity value of USD 200 million. Standard Chartered Bank advised Macquarie Asset Management on the transaction.Singapore-based Vibrant Energy Holdings is the main holding company for Vibrant Energy's India portfolio. Vibrant Energy operates a portfolio of approximately 800 MW and holds an active pipeline of 3 GW. The company specializes in providing open-access wind and solar energy solutions primarily to corporate and industrial (C&I) clients, including Amazon, Sify Technologies, Ultratech, and Saint-Gobain India.Inox Green Energy, a subsidiary of Inox Wind, is an operations and maintenance (O&M) service provider for renewable energy projects in India, managing over 5 GW of renewable assets.