20 February 2026
20 February 2026
The acquisition follows a successful bid by INOXGFL Group, approved through the National Company Law Tribunal's resolution process.
The entire project represents an investment exceeding $650m in Ector County and the broader West Texas region.
The new capital injection will support MGN’s construction and development of battery energy storage in NYC.
Construction of the solar PV and BESS project is scheduled to start this year, with commissioning expected in 2028.
The deal will support the construction of two large-scale PSH projects on the island of Luzon, with completion targeted by 2030.
The projects aim to boost grid resilience, extend plant lifespans and help stabilise electricity costs amid rising demand.
The entire project represents an investment exceeding $650m in Ector County and the broader West Texas region.
The new capital injection will support MGN’s construction and development of battery energy storage in NYC.
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