Hexa Climate buys Fortum's India renewables assets; to invest $500 million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2025
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Source: Reuters
Acquisition and Investment Plans: Hexa Climate Solutions has acquired Fortum's Indian renewables portfolio, which includes a 206 MW commercial and industrial renewables portfolio and a 600 MW pipeline of projects, with plans to invest $500 million to expand its clean energy initiatives in India.
Focus on Clean Energy Growth: The investment aims to increase Hexa's renewable energy capacity from 100 MW to 2.5 GW within the next two to three years, primarily focusing on solar assets, as part of India's goal to significantly boost its non-fossil power capacity by 2030.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
