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
MG Motor India has collaborated with Clean Max Enviro Energy Solutions Pvt Ltd (CleanMax) who would supply 4.85 megawatts (MW) of wind-solar hybrid energy to MG’s Halol manufacturing site. MG Motor expects to save roughly 2 lakh metric tonnes of CO2 over the next 15 years with this agreement, theContinue 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
Facebook has partnered with renewable energy (RE) company CleanMax to procure renewable energy from wind and solar facilities set up by CleanMax. Under the agreement, Facebook and CleanMax are to assemble a portfolio of wind and solar projects supplying renewable power into India’s electrical grid in states where Facebook facilitiesContinue 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
Cargill, a US-based global food corporation making progress in its operations with new renewable energy projects, announcing 10 new global renewable energy projects, most of which will be on line in the next year. Cargill currently uses 15 different renewable energy sources around the world, including wind and solar power.Continue Reading
