CleanMax Secures $575 Mn For One GW Renewable Portfolio
ECONOMY & POLICY

CleanMax Secures $575 Mn For One GW Renewable Portfolio

Clean Max Enviro Energy Solutions Limited (CleanMax) has secured $575 mn in mixed domestic and international financing to expand solar and wind projects across Rajasthan and Karnataka, supporting approximately one gigawatt (GW) of Central Transmission Utility connected capacity. The funds are intended for large-scale corporate and industrial renewable assets.

The multi-lender transaction combines External Commercial Borrowings, FCNR(B) and Rs term loans and is structured to align borrowing currency with contracted revenues, pairing USD loans with USD power purchase agreements and Rs loans with Rs agreements. CleanMax said the structure supports long-term portfolio stability and project delivery tenors.

Key tranches were allocated across special purpose vehicles. Clean Max Celestial Private Limited received $141.94 mn under an FCNR(B) facility, Clean Max Tasman Private Limited secured $124.63 mn via ECB, and VEH Green Energy Private Limited obtained $174 mn via ECB. Clean Max Enviro Energy Solutions Limited raised Rs 6,500 mn and Clean Max Atlas Private Limited secured Rs 6,300 mn through Rs term loans.

CleanMax indicated its non-Rs denominated portfolio is financed at an interest rate lower than six per cent, reflecting favourable access to long-term foreign capital. The company was upgraded to CARE AA-/Stable by CARE Ratings, a development described as validation of portfolio growth and financial strength.

CleanMax reported a contracted renewable energy portfolio of five point seven GW in FY2025-26 and noted that 74 per cent of new contracted capacity was driven by existing customers. The firm serves 588 customers across technology, digital infrastructure, manufacturing and industrial sectors, with 42 per cent of contracted power sales attributed to data centre and AI infrastructure clients. Management positioned the financing as part of a broader procurement shift driven by power-intensive digital industries.

Clean Max Enviro Energy Solutions Limited (CleanMax) has secured $575 mn in mixed domestic and international financing to expand solar and wind projects across Rajasthan and Karnataka, supporting approximately one gigawatt (GW) of Central Transmission Utility connected capacity. The funds are intended for large-scale corporate and industrial renewable assets. The multi-lender transaction combines External Commercial Borrowings, FCNR(B) and Rs term loans and is structured to align borrowing currency with contracted revenues, pairing USD loans with USD power purchase agreements and Rs loans with Rs agreements. CleanMax said the structure supports long-term portfolio stability and project delivery tenors. Key tranches were allocated across special purpose vehicles. Clean Max Celestial Private Limited received $141.94 mn under an FCNR(B) facility, Clean Max Tasman Private Limited secured $124.63 mn via ECB, and VEH Green Energy Private Limited obtained $174 mn via ECB. Clean Max Enviro Energy Solutions Limited raised Rs 6,500 mn and Clean Max Atlas Private Limited secured Rs 6,300 mn through Rs term loans. CleanMax indicated its non-Rs denominated portfolio is financed at an interest rate lower than six per cent, reflecting favourable access to long-term foreign capital. The company was upgraded to CARE AA-/Stable by CARE Ratings, a development described as validation of portfolio growth and financial strength. CleanMax reported a contracted renewable energy portfolio of five point seven GW in FY2025-26 and noted that 74 per cent of new contracted capacity was driven by existing customers. The firm serves 588 customers across technology, digital infrastructure, manufacturing and industrial sectors, with 42 per cent of contracted power sales attributed to data centre and AI infrastructure clients. Management positioned the financing as part of a broader procurement shift driven by power-intensive digital industries.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code