New Delhi, June 30 -- Inox Clean Energy on Monday announced that its subsidiary, Inox Neo Energies, has successfully completed the acquisition of Skypower Solar India for an enterprise value of Rs.265 crore.

The strategic acquisition is aimed at boosting Inox Clean Energy's renewable independent power producer (IPP) capacity, PTI reported.

INOX Clean Energy is an integrated renewable platform spanning solar manufacturing, including cells and modules, and an IPP platform.

Skypower Solar India has a portfolio comprising 50 MW (AC)/ 57.5 MW (DC) of solar power assets located in Madhya Pradesh, a company statement said.

The transaction values the asset at an enterprise value of around Rs.265 crore.

The project which was commissioned in t...