Clean Max Enviro Energy Solutions has submitted a Draft Red Herring Prospectus to the Securities and Exchange Board of India for a proposed Initial Public Offering worth Rs 5,200 crore. The issue will include a fresh share sale of up to Rs 1,500 crore and an offer-for-sale of up to Rs 3,700 crore by existing shareholders. The offer has a face value of Rs 1 per equity share and includes a reserved portion for eligible…
CleanMax has secured Rs 400 crore in pre-IPO funding from 360 One Asset Management. The capital will support promoter stake consolidation ahead of the company’s planned public listing. The stake was acquired from Augment Infrastructure and the Danish Investment Fund. The funding is structured as a three-year instrument at 13 per cent interest, with repayment expected through IPO proceeds. A portion will also be used to reduce existing debt. The company is likely to file…
Toyota Tsusho India Private Limited (TTIPL) and CleanMax Enviro Energy Solutions Private Limited have signed an agreement to jointly develop a 300 MW renewable energy (RE) project in India. The agreement was signed on June 30, 2025. The project will be executed by a joint venture (JV) formed between TTIPL and CleanMax and is scheduled for commissioning by March 2028. The JV aims to offer customised RE solutions, including rooftop solar installations, ground-mounted solar or…
DJ Renewables Pte. Ltd., a consortium between Osaka Gas Company Limited and Japan Bank for International Cooperation (JBIC), plans to form a joint venture (JV) with CleanMax Enviro Energy Solutions Private Limited to develop 400 MW of renewable energy projects in India. The JV company, named Clean Max Osaka Gas Renewable Energy Private Limited (CORE), will be jointly owned by CleanMax and DJ Renewables, with equity stakes of 51 percent and 49 percent, respectively. CORE…
CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE. The facility will support the installation of 92 solar assets across industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED 37 million for future projects, in line with the UAE’s Net Zero 2050 strategy.
APM Terminals Pipavav has entered a 25-year power purchase agreement (PPA) with Brookfield-backed CleanMax to source renewable energy from a hybrid wind-solar project in Gujarat. The hybrid project includes 3.50 MW of wind and 1.06 MWp of solar capacity under a third-party open-access model, developed in two phases. Phase one, launched in January 2022, delivered 2 MW of wind and 0.50 MWp of solar capacity. Phase two, commissioned in September 2024, added 1.50 MW of…
Equinix, Inc. has entered into its first power purchase agreement (PPA) in India with CleanMax to develop a 33 MW captive power plant in Maharashtra. The facility will comprise 26.4 MWp of solar and 6.6 MW of wind capacity, with phased operations commencing in 2025. This initiative aligns with Equinix’s sustainability strategy, aiming to meet the increasing energy demands of its International Business Exchange (IBX) data centers in Mumbai, driven by the rise in data…