Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
CleanMax Enviro Energy Solutions is planning a capital expenditure of around INR 7,000 crore to expand its renewable energy capacity by 1,500 MW by FY27. The company is focusing on the commercial and industrial (C&I) segment, where demand for green power is rising steadily. With an existing capacity of about 2.8 GW and a strong pipeline, CleanMax aims to scale up its presence across key states. The expansion will include solar, wind and hybrid projects, along with increased inter-state supply capabilities to serve large corporate clients.
CleanMax Enviro Energy Solutions is planning to invest around INR 7,000 crore to add nearly 1,500 MW of renewable energy capacity by FY27, as it looks to strengthen its position in the commercial and industrial (C&I) power segment. The expansion will be carried out through a mix of solar, wind and hybrid projects across multiple locations. Advertisement
The planned addition is expected to take the company's total operational and under-development portfolio closer to 4,500 MW. At present, CleanMax has an installed capacity of about 2.8 GW, along with a contracted pipeline exceeding 3 GW, which provides clear visibility for future growth.
The company has built its business around supplying renewable energy directly to corporate clients under long-term power purchase agreements. This approach helps ensure stable revenue flows and reduces exposure to price volatility seen in government-led tariff bidding. Management indicated that the focus will remain on this segment, where demand continues to rise as companies move towards sustainability targets and cost-efficient energy sourcing.
A significant part of the planned investment will go into scaling up projects in states such as Gujarat, Karnataka and Rajasthan. These regions have seen consistent industrial demand and offer supportive policies for renewable energy development. The company is also looking at expanding its presence in newer regions where corporate demand for clean power is increasing.
CleanMax is gradually strengthening its inter-state power supply capabilities through central transmission utility-connected projects. This will allow it to supply renewable energy to large corporates with operations spread across multiple states, ensuring flexibility in power sourcing.
On the financial side, the company has shown improvement in performance over the past year. It reported a return to profitability in FY25, supported by higher revenues and better operational efficiency. Growth in EBITDA has also been driven by improved plant performance and an increase in contracted capacity becoming operational.
The broader renewable energy sector in India has been witnessing a steady shift, with corporates playing a larger role in driving demand. Companies are increasingly entering long-term agreements to secure clean power, which has created a strong pipeline for developers focused on the C&I segment. CleanMax's current expansion plan is aligned with this trend and reflects the growing importance of private sector participation in the energy transition.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
