Lakshmikumaran & Sridharan Advised Inox Neo Energies Limited On Acquisition Of 250 MWp Solar portfolio From SunSource Energy

Lakshmikumaran & Sridharan advised Inox Neo Energies Limited on acquisition of 250 MWp solar portfolio from SunSource Energy

The premier full-service law firm in India, Lakshmikumaran & Sridharan Attorneys (“LKS”) advised Inox Neo Energies Limited (“Inox”), part of the InoxGFL Group, on its acquisition of a 250 MWp solar portfolio with assets across 13 States from Sun Source Energy Private Limited (“SunSource Energy”), a subsidiary of Netherlands-based SHV Energy. Inox has already acquired 250 MWp of solar projects from SunSource Energy and is in the process of acquiring an additional 50 MWp, taking the total acquired capacity to 300 MWp.

LKS acted as legal counsel to Inox and provided end-to-end support on the transaction, including advising on the transaction structure, finalising deal documentation, and leading negotiations. The firm also guided Inox on staggered closings of SPVs across multiple states in India, ensuring smooth execution of the acquisition.

The LKS transaction team comprised Kunal Arora (Partner), Anupam Misra (Associate Partner), Mitushi Garg (Principal Associate), Ria Mehta (Associate), and Satwik Mohapatra (Associate).

SunSource Energy was represented by JSA

This acquisition represents a significant step in Inox’s vision to strengthen its presence in the renewable energy sector and achieve its medium-term target of 10 GW of installed IPP capacity.

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