Facebook partners with CleanMax to supply RE to India’s grid

16 Apr 2021 CW Team

Facebook has partnered with Mumbai-based clean energy company, CleanMax, to set up a 32 MW wind power project in Karnataka, its first renewable energy deal in India.

While CleanMax will own and operate the project, Facebook will buy power off the grid through environmental attribute certificates.

Located in the southern state of Karnataka, the 32 MW wind power project is part of a larger portfolio of wind and solar projects that Facebook and CleanMax are working on together to supply renewable power into India's electrical grid, the two companies told the media in a joint statement.

Urvi Parekh, Facebook's head of renewable energy, told the media that the company typically does not own the power plant project but instead signed a "long-term" electricity purchasing agreement with CleanMax, which enables the project to seek out the financing that it would need.

Facebook has announced similar partnerships in Singapore with energy providers Terrenus Energy, Sunseap Group, and Sembcorp Industries on projects that can produce 160 MW of solar power.

The electricity generated from these plants will power Facebook's first Asian data centre that is set to start operations next year, the company has stated.

Image Source

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..