Inox Clean Energy & RJ Corp Launch Africa JV To Build 570 MWInox Clean Energy and RJ Corp launched an equal joint venture to expand utility-scale renewables in Africa, featuring the acquisition of Skypower Services MENA and an initial commissioning target of about 570 MW. The announcement named sovereign-backed power purchase agreements supporting the projects and noted tied-up land and evacuation infrastructure designed to speed execution. The JV aims to build a multi-gigawatt pipeline, with Inox Clean targeting 2.5 GW of installed capacity in Africa by FY29 and plans to secure debt from multilateral agencies. Projects are focused across markets including Zambia, Zimbabwe and the Democratic Republic of Congo, where rising demand and development-friendly conditions exist. For consumers and regional grids, the partnership promises more reliable, lower-carbon power and bolstered energy security, while aligning commercial-scale investment with broader decarbonisation trends.

Source: Economic Times February 18, 2026 19:06 UTC