Indowind Energy Limited has entered into an in-principle agreement to acquire a 5.1 MW operational wind power project. The proposed acquisition is expected to be undertaken at an approximate consideration in the range of ₹20-25 crore (INR 200-250 million). This acquisition is set to add stable generating capacity to the company's renewable energy portfolio. As part of its long-term growth strategy, Indowind Energy Limited proposes to either acquire the operational wind project as an asset or implement a hybrid solar project in the future, subject to feasibility evaluation and regulatory approvals. These initiatives are intended to enhance generation efficiency, improve asset utilization, and support sustained growth in revenues and profitability over the long term. The proposed transaction aligns with Indowind Energy Limited's focus on capacity enhancement, asset optimization, and strengthening its renewable energy platform, while supporting long-term business growth. Mr. Bala Venckat Kutti, Promoter of Indowind Energy Limited, commented that the proposed acquisition of an operational wind asset supports their objective of strengthening the renewable energy base. He further added that the potential repowering and hybridization of the project provides opportunities to improve generation efficiency and long-term returns, in line with their growth strategy. Indowind Energy Limited, incorporated in 1995, is an Independent Power Producer (IPP) in the renewable energy field, generating Green Power® through dedicated wind farms and offering allied services in the wind energy sector. The company recently completed its rights issue, successfully raising ₹49.42 crore.