30/4/2025, 1:19:04 pm

I Squared-backed Hexa acquires Fortum's India renewables arm

Hexa Climate Solutions, backed by I Squared Capital, acquired Fortum's India renewables portfolio, including a 206 MW operational capacity and a 600 MW pipeline. Hexa plans a $500 million investment in clean energy expansion. Fortum exits India, aligning with its strategic shift. The deal supports India's goal of reaching 500 GW non-fossil capacity by 2030.