JK Cement has signed a power purchase agreement (PPA) for 6.42 MW of wind-solar production capacity in Karnataka with CleanMax Enviro Energy Solutions, Asia’s top C&I renewable energy firm. The PPA is for 25 years and has a tariff that is 50% lower than the current DISCOM pricing. CleanMax‘s wind-solarContinue Reading
US investment firm Augment Infrastructure will acquire majority stakes of Warburg Pincus LLC and IFC in rooftop solar power producer CleanMax Enviro Energy Solutions Pvt. Ltd. for Rs1,650 crore. The deal value includes new investments in Mumbai-based CleanMax. “This would involve a purchase of the stake held by Yellow BellContinue Reading
Leading rooftop solar developer Cleanmax Solar, backed by marquee investors has moved into the wind-solar hybrid projects space. The company has commissioned 110 MW of projects and has another 62 MW of such projects in the pipeline. Cleanmax Solar was prompted by new policies of the Gujarat and Andhra PradeshContinue Reading
Warburg Pincus Llc is exploring the sale of its stake in rooftop solar power company CleanMax Solar. A potential deal could rank among the largest in India’s green energy segment, where transaction activity continues unabated despite the coronavirus pandemic. People aware of the development said that Warburg may hire anContinue Reading
Aditya Birla Group’s flagship company, Grasim Industries has formed a limited liability partnership agreement for a capital of Rs 73 crore with Cleanmax Enviro Energy Solutions to establish and operate 32.4 megawatt wind power plant in the State of Karnataka. Total Capital of the LLP will be Rs. 73.42 croreContinue Reading
Cleanmax Solar is setting up 150 MW of solar farm under the group captive model in Haryana with an investment of Rs 600 crore. A group captive scheme is where someone develops a power plant for collective usage of many commercial consumers. The captive user should have at least 26Continue Reading
United Kingdom (UK) Climate Investments LLP (UKCI), will support CleanMax Solar, a leading rooftop solar developer, with an investment of ₹275 core. UKCI’s investment will support CleanMax Solar as it expands its renewable energy portfolio – facilitating renewable energy buying for corporates through the construction of a network of privateContinue Reading
The New and Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) had tendered 15 MW of grid-connected rooftop solar projects in June 2018. It had fixed ₹5/kWh as the upper tariff cap for this tender. CleanMax Enviro Energy Solutions Pvt. Ltd emerged as the lowest bidder by quoting theContinue Reading
