New Delhi, January 12, 2026: Lakshmikumaran & Sridharan Attorneys ("LKS") advised Inox Neo Energies Limited ("Inox"), part of the InoxGFL Group, in relation to its acquisition of 250 MWp solar portfolio with assets across 13 States, from the Sun Source Energy Private Limited ("SunSource Energy"), a subsidiary of the Netherlands based SHV Energy. Inox has already acquired 250 MWp of solar projects from SunSource Energy and is in the process of acquiring another 50 MWp capacity, taking the total acquired capacity to 300 MWp.
LKS acted as the legal counsel for Inox and advised on all aspects related to the transaction. LKS provided end-to-end assistance to Inox on the deal, from advising on the structure of the transaction to finalizing the deal documentation. The firm was instrumental in leading the negotiations and advised on nuanced aspects of the deal including staggered closing of SPVs spread across various states in India.
The transaction team of LKS consisted of 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 marks a significant step in Inox's vision to strengthen its presence in the renewable sector and achieve its medium-term targets of 10 GW of installed IPP capacity.