New Launch7 April 2026 at 10:38 am
CleanMax Commissions 185MW Wind-Solar Hybrid Project in Kalavad, Boosting Revenue by INR ₹165 crore Annually
AI Summary
CleanMax Enviro Energy Solutions Limited has commissioned a 185 MW wind-solar hybrid project at Kalavad, Gujarat. The project, which has been developed over ~12 months, serves 15+ corporate customers under the group captive model. This expansion once stabilised enhances CleanMax's revenue base with a contribution upwards of INR ₹165 crore annually in FY2027. The project is expected to offset a ~3.61 lakh tonnes of CO₂ emissions annually, contributing to India’s decarbonization goals. CleanMax's operational energy sale capacity now stands at 3.1 GW as of 31st March 2026.
Key Highlights
- 185 MW wind-solar hybrid project commissioned at Kalavad, adding upwards of 165 Cr annually to its revenue base in FY2027 once project is stabilized.
- Project serves 15+ corporate customers under group captive model to support demand of energy intensive manufacturing.
- CleanMax's operational energy sale capacity stands at 3.1 GW as of 31st March 2026.
- Project is expected to offset a ~3.61 lakh tonnes of CO₂ emissions annually.
- In FY 2024-25, the company reported revenue of INR 3,426 million from the state of Gujarat, contributing about 30% of its renewable energy power sale revenue.