New Delhi, May 31 -- INOXGFL Group plans to invest Rs.1 trillion in renewable energy projects by 2030 through its green power arm Inox Clean Energy Ltd, said Devansh Jain, executive director of the group.

The investments will cover renewable energy, solar equipment manufacturing, and battery energy storage systems. The company, which has a solar module capacity of around 6 GW (including capacities in India and the US), aims to increase this to 11 GW over the next year.

Jain noted that InoxGFL is also scaling up its solar manufacturing ambitions through a mix of greenfield expansion and overseas acquisitions. Its investment plans also include expanding the renewables business in Africa, he said. The group's annual revenue is around Rs.6,...