CleanMax, Osaka Gas Launch JV for 400 MW Renewable Energy Projects
POWER & RENEWABLE ENERGY

CleanMax, Osaka Gas Launch JV for 400 MW Renewable Energy Projects

Mumbai-based CleanMax Enviro Energy Solutions and Japan’s Osaka Gas have formed a joint venture, Clean Max Osaka Gas Renewable Energy (CORE), to develop 400 MW of renewable energy projects. The first phase will begin with around 300 MW in Karnataka, offering long-term corporate Power Purchase Agreements (PPAs) for clean energy supply. 

The Japan Bank for International Cooperation (JBIC) has signed a shareholders' agreement with Osaka Gas to invest in the JV, supporting Osaka Gas’ strategy to expand its energy business in India. This aligns with Osaka Gas' broader goal to explore new energy fields like hydrogen and e-methane, alongside its existing city gas supply ventures. 

CleanMax currently operates a 2 GW renewable energy portfolio across India, the Middle East, and Southeast Asia, serving over 550 corporate clients in sectors like automotive, education, pharmaceuticals, FMCG, and IT. In January, CleanMax secured a $27 million credit facility from HSBC to expand its solar projects in the UAE, with additional funding potential for future projects. 

(Mercom)             

Mumbai-based CleanMax Enviro Energy Solutions and Japan’s Osaka Gas have formed a joint venture, Clean Max Osaka Gas Renewable Energy (CORE), to develop 400 MW of renewable energy projects. The first phase will begin with around 300 MW in Karnataka, offering long-term corporate Power Purchase Agreements (PPAs) for clean energy supply. The Japan Bank for International Cooperation (JBIC) has signed a shareholders' agreement with Osaka Gas to invest in the JV, supporting Osaka Gas’ strategy to expand its energy business in India. This aligns with Osaka Gas' broader goal to explore new energy fields like hydrogen and e-methane, alongside its existing city gas supply ventures. CleanMax currently operates a 2 GW renewable energy portfolio across India, the Middle East, and Southeast Asia, serving over 550 corporate clients in sectors like automotive, education, pharmaceuticals, FMCG, and IT. In January, CleanMax secured a $27 million credit facility from HSBC to expand its solar projects in the UAE, with additional funding potential for future projects. (Mercom)             

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?