CleanMax Commissions 185 MW Hybrid Renewable Energy Project in Gujarat

Clean Max Enviro Energy Solutions Limited (NSE: CLEANMAX) has announced the commissioning of its 185 MW hybrid renewable energy project at Kalavad in Gujarat. The project combines both solar and wind power and marks a significant addition to the company’s growing renewable energy portfolio in the state.

Developed over ~12 months, the Kalavad project is designed to provide green energy to multiple corporate customers. The hybrid structure of the project enables a more consistent renewable energy supply, supporting industrial consumers that require reliable power for round-the-clock operations.

Hybrid Renewable Energy Project in Gujarat

The Kalavad project integrates solar and wind generation capacity to improve the stability and efficiency of renewable energy supply. Hybrid renewable projects are increasingly being adopted as they allow power generation at different times of the day, helping maintain a balanced energy output.

With the commissioning of this project, CleanMax’s total operational capacity in Gujarat has reached approximately 844 MW as of March 31, 2026. The project further strengthens the company’s position in the state, which remains an important hub for renewable energy development and industrial power demand.

Power Supply Through Group Captive Model

The renewable energy generated from the Kalavad project will be supplied to 17 corporate customers through the group captive model. Under this structure, customers invest equity in the project while gaining long-term access to renewable energy in compliance with captive power rules under the Electricity Act.

Several publicly listed companies are among the customers benefiting from the project, including Apar Industries Limited and Borosil Renewables Limited. This model helps businesses reduce their dependence on conventional power sources while supporting sustainability goals.

Environmental and Economic Impact

Once fully operational, the Kalavad hybrid project is expected to offset around 3.61 lakh tonnes of carbon dioxide emissions annually. This reduction is estimated to deliver environmental benefits comparable to planting nearly 20.9 million trees each year.

The project is also expected to contribute significantly to the company’s financial performance. After stabilisation, the project is projected to add more than ₹165 crore annually to CleanMax’s revenue base starting from FY2027.

Clean Max Enviro Energy Solutions Share Price Today

On April 8, 2026, Clean Max share price opened at ₹874.00, touching the day’s high at ₹874.00, as of 11:04 AM on the NSE.

Also Read: Temasek And ADIA Set to Join Clean Max Enviro Energy Solutions’ IPO As Cornerstone Investors!

Conclusion

The commissioning of the 185 MW Kalavad hybrid renewable project highlights CleanMax’s continued expansion in the renewable energy sector. With growing demand for sustainable energy solutions from corporate customers, projects like this play an important role in supporting India’s decarbonization efforts while strengthening CleanMax’s renewable energy portfolio.

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