Waaree Energies, Inox Wind shares in the spotlight on December 16; here is why

Waaree Energies will be in focus, as the company on Monday said that Waaree Forever Energies, a wholly-owned subsidiary of the company, had incorporated a wholly-owned subsidiary, viz., Eco Flux Renewables Private Limited, on December 15, 2025.

The company added that Eco Flux Renewables Private Limited is incorporated in India and registered with the Registrar of Companies, Mumbai, on December 15, 2025. It is yet to commence its business operations.

Inox Wind, on the other hand, on Tuesday announced that it has secured a repeat order from Jakson Green Ltd. (Jakson) for 100 MW, following the 100 MW order recently won from the same customer. This order is for the supply of IWL’s 3.3 MW turbines for the projects being developed by Jakson in Gujarat.

Additionally, IWL will provide limited-scope EPC for the project as well as multi-year operations & maintenance (O&M) services post the commissioning of the turbines. With the addition of this order, total order inflow for FY26 now stands at ~ 600 MW, with an additional 2.5 GW of framework agreement to be executed over the next three years. Large annual orders from Inox Clean provide additional order inflow visibility.

What the company's management said

Speaking on this occasion, Kannan Krishnan, Managing Director, Jakson Green, stated, "At Jakson Green, we are diversifying our green energy portfolio and are committed to accelerating India's transition to a sustainable future. Building on our proven expertise in utility-scale solar, we see strong synergies in our collaboration with Inox Wind as we step into large-scale wind power projects. Together, we aim to play a constructive role in advancing India’s energy transition."

Sanjeev Agarwal, CEO, Inox Wind Ltd, added, “We are delighted to have received a repeat order from Jakson Green for 100 MW, taking our total order intake from Jakson to 200 MW. Jakson has ambitious plans in the renewables space and has forayed into the wind power generation segment. We are pleased to engage with them in their initial stages and are confident of a long-term and mutually beneficial relationship with them."

Agarwal added, "Our relationships with new customers start with smaller orders, maturing into repetitive large orders. We continue to progress on closing multiple other orders, which will provide a strong revenue visibility for at least the next two years.”

Green Energy in India: Latest developments

According to a press release by PIB in October 2025, India’s power sector has achieved two historic milestones that show the nation’s steady progress toward a clean, secure, and self-reliant energy future.

As of 30 September 2025, the country’s total installed electricity capacity crossed 500 GW, reaching 500.89 GW. This achievement reflects years of strong policy support, investments, and teamwork across the energy sector.

Break-up of India’s Power Capacity

• Non-fossil fuel sources (renewable energy, hydro, and nuclear): 256.09 GW – over 51% of the total.

• Fossil-fuel-based sources: 244.80 GW – about 49% of the total.

• Within renewables:

• Solar power – 127.33 GW

• Wind power – 53.12 GW

During FY 2025–26 (April–September 2025), India added 28 GW of non-fossil capacity and 5.1 GW of fossil-fuel capacity, showing how fast the clean energy share is rising.

A Record Day for Renewable Energy

On July 29, 2025, India reached its highest-ever renewable energy share in electricity generation.

That day, renewables met 51.5% of the country’s total electricity demand of 203 GW.

• Solar generation: 44.50 GW

• Wind generation: 29.89 GW

• Hydro generation: 30.29 GW

This means that, for the first time, more than half of India’s power came from green sources in a single day, a remarkable sign of change.