India's Inox Clean Energy Ltd has executed definitive agreements with Australia-based Macquarie Corporate Holdings Pty Ltd and other shareholders to acquire Vibrant Energy’s renewable portfolio totaling 1.33 GW. The transaction value was not disclosed, though industry sources estimated it at around INR 5,000 crore (~$ 558.41 million). Vibrant Energy has a portfolio with about 800 MW of capacity already operational and the remainder under development. Its assets were located across Madhya Pradesh, Maharashtra, Karnataka, Telangana and Andhra Pradesh. The acquisition aligned with Inox Clean’s capacity expansion plans toward 3 GW by FY26-end and 10 GW by FY28. Macquarie stated that the divestment reflected its shift toward an asset management-led renewable strategy, while Standard Chartered Bank served as the exclusive advisor to Macquarie on the transaction.