Clean Max Enviro Energy Solutions was originally incorporated as ‘Clean Max Enviro Energy Solutions Private Limited’ at Mumbai, Maharashtra as a private limited company on September 29, 2010. Subsequently, upon conversion of the company into a public limited company, the name of the company was changed to ‘Clean Max Enviro Energy Solutions Limited’, pursuant to the resolution passed by the board on July 9, 2025 and the resolution passed by the shareholders at the extraordinary general meeting on July 14, 2025. 

The company is a commercial and industrial (C&I) renewable energy provider. It specializes in delivering Net Zero and decarbonization solutions, including supplying renewable power and offering energy services and carbon credit solutions to customers across data centres, AI and technology industries (Technology customers); and C&I enterprises across a range of sectors, including infrastructure, cement, steel, industrial manufacturing, FMCG, pharmaceuticals, real estate, and global capability centres (Conventional C&I customers). Its expertise spans across providing energy contracting, engineering, procurement and construction (EPC) services, and operation and maintenance (O&M) services of renewable energy plants including solar, wind and hybrid plants, within its customer’s premises (Onsite) and within CleanMax-developed renewable energy (solar, wind and hybrid) farms (Offsite).

The company also provides end-to-end decarbonization solutions to customers such as turnkey development, O&M solutions for renewable energy power plants and carbon credits solutions. It is committed to being a Net Zero partner to corporates, driven by a client-first culture, execution excellence, focus on capital efficiency and its people and culture. It has developed in-house capabilities in various aspects of execution, including project development (evacuation and assessment), land acquisition, EPC, financing and asset management. These capabilities help it to achieve project returns, source and develop new projects to support long-term growth, and maintain control over the entire project lifecycle, from greenfield/brownfield development to ownership and operations.

Business area of the company 

The company is a commercial and industrial (C&I) renewable energy provider. Its key offerings include supplying renewable power, providing energy services, and offering carbon credit solutions. It caters to a wide range of customers, including Technology customers and conventional C&I customers. The company has comprehensive suite of customer-centric capabilities.

Business verticals of the company

• Renewable Energy Power Sales Segment
• Renewable Energy Services Segment

Awards, accreditations and recognition 

• 2018: The company was awarded ‘India Green Energy Award’ in the category of outstanding renewable energy generation, solar by Indian Federation of Green Energy (IFGE) in 2018.
• 2018: The company was declared as the winner of ‘Achievement in Transformational Infrastructure’ for the rooftop project developed by it in Gujarat for a client, at the FT/IFC Transformational Business Awards, 2018.
• 2020: The company was awarded ‘5-star rating’ for excellence in EHS practices at the CII-SR EHS Excellence Awards, 2020.
• 2021: The company was awarded the ‘Fastest Growing Solar Developer of the Year 2021’ at EQs UAE Annual Solar Awards 2020-21.
• 2021: The company was awarded the ‘Gold Award’ for excellence in EHS practices, as well as sectoral topper in power at CII-SR EHS Excellence Awards, 2021.
• 2021: The company was awarded the ‘Silver Award’ for commitment to excellence in EHS practices at CII-SR EHS Excellence Awards, 2021.
• 2021: The company was awarded the ‘EHS Award (Haryana) Renewable Energy Sector’ at the Global Safety Summit, 2021.
• 2022: The company was awarded the ‘National ESG Excellence Award’ in the large enterprises - renewable energy sector at the 10th Global Safety Summit, 2022.
• 2023: The company was awarded the ‘Sustainability Leadership Award (Organization)’ at the India Sustainability Conclave and Awards, 2023.
• 2023: The company was awarded the ‘Best Hybrid Project Award’ at the Mercom India Clean Energy Awards, 2023.
• 2023: The company was awarded the ‘Super Gold Award’, the ‘Green Excellence Award’ and the ‘Best Organization in Propagation of Quality Concepts Award’ at the 34th Chapter Convention on Quality Concepts, 2023.
• 2023: Received ISO 14001:2015 and ISO 45001:2018 certifications.
• 2024: The company was awarded ‘Great Indian Sustainable Performance in Net Zero Award’ at the India Sustainability Conclave and Awards, 2024.
• 2024: The company was awarded the ‘Best Hybrid Project Award’ at the Mercom India Clean Energy Awards, 2024.
• 2024: The company was awarded the ‘CARE’ award at the India Supplier Conference, 2024 organised by Baker Hughes.
• 2024: The company was awarded the ‘Bronze Award’ for commitment in EHS practices in energy and utilities sector at the CII- EHS Excellence Awards, 2024.
• 2024: The company was awarded the ‘Silver Award’ for commitment to excellence in EHS practices in energy and utilities sector at the CII-SR EHS Excellence Awards, 2024.
• 2024: The company was awarded the ‘Environmental Sustainability Award’ by Cisco.
• 2024: The company was awarded the ‘Solar Wind Hybrid Project (Diamond) of the Year Award’ by EQ Awards - SuryaCon and Decarbonise India, 2024.
• 2024: Received ISO 9001:2015 certification.
• 2025: The company was awarded distinction in onsite renewable business for the Maruti (Manesar) Project and in utility renewable business for the Jagalur Project along with merit in onsite renewable business for the Mondelez Project (Bahrain) and Indorama Project (Thailand) at the International Safety Awards, 2025 organised by the British Safety Council.
• 2025: The company was recognised as one of the Iconic Brands of India 2025 by ET Now.
• 2025: The company was awarded the ‘CARE’ award at the India Supplier Conference, 2025 organised by Baker Hughes.

History and milestones

• 2010: Establishment of the company.
• 2013: Commissioned the first onsite solar plant for a corporate client for 100 KWp.
• 2015: Began offering grid-connected solutions for corporate clients through the SPV, KAS Onsite Power Solutions LLP.
• 2017: Secured equity investment from Warburg Pincus and a global development financial institution based in the US.
• 2017: Expanded operations to Dubai, UAE through the SPV, Cleanmax Solar MENA FZCO.
• 2017: Commissioned its first grid connected STU solar project under group captive mode for 30 MWp in Tamil Nadu for a large datacentre client through the SPV, KAS Onsite Power Solutions LLP.
• 2017: Commission the first STU connected third party open access project in Karnataka.
• 2018: Achieved a cumulative operating capacity of 500 MWp+.
• 2018: Signed the first solar photovoltaic system leasing and operation agreement in Dubai, UAE, through CleanMax Alpha LeaseCo FZCO.
• 2019: Secured an equity investment from UK government’s climate-based fund.
• 2019: Signed the first onsite solar project in Thailand through its subsidiary, Clean Max Energy (Thailand) Co. Ltd.
• 2019: Started operations in Bangkok, Thailand, through its subsidiary, Clean Max Energy (Thailand) Co. Ltd.
• 2019: Expanded into wind power projects by commissioning the first wind farm at Hosahalli, Karnataka through the SPV, Cleanmax Pluto Solar Power LLP.
• 2021: Secured an equity investment from Washington based fund amidst Covid’19 pandemic and provided full exit to the erstwhile PE investors.
• 2021: Commissioned a wind-solar hybrid (WSH) farm in Jagalur, Karnataka with more than 100 MW capacity.
• 2022: Expanded the grid connected STU offerings to Maharashtra, through the SPV, Clean Max Light Power LLP.
• 2022: Started developing Central Transmission Utility of India (CTU) sites and received up to 600 MW connectivity approval for CTU wind site at Koppal, Karnataka.
• 2022: Established a new carbon business offset business line for carbon credit/green credit trade.
• 2023: BGTF One Holdings (DIFC) Limited, an affiliate of Brookfield, committed to invest Rs 18,000 million in the company, as primary infusion along with secondary investment of approximately Rs 10,970 million.
• 2023: Reached a cumulative capacity of 1 GW.
• 2023: Reached a cumulative capacity of 100+ MWp onsite solar capacity in international operations i.e. Dubai and Thailand.
• 2023: Entered into a strategic collaboration with Apple for investing together into rooftop projects through the SPV, Clean Max Hyperion Power LLP.
• 2023: Partnered with a technology player, through their designated affiliate, for sale of renewable energy certificates from projects commissioned by the company for corporate customers.
• 2023: Achieved water neutrality for 40% of the utility scale solar portfolio.
• 2023: Achieved carbon neutrality (Scope 1 + Scope 2) greenhouse gas (GHG) emissions.
• 2023: Built and commissioned 350 MW+ State Transmission Utility (STU) wind-solar hybrid capacity in Gujarat.
• 2024: Entered into a partnership with Yusuf Bin Ahmed Kanoo Company WLL, through the SPV, Clean Max Solar Mena FZCO, for developing renewable energy projects in Bahrain and Kingdom of Saudi Arabia.
• 2024: Reached a cumulative capacity of 2 GW+.
• 2024: Commissioned the first onsite solar photovoltaic plant in Bahrain, through the SPV, Kanoo Clean Max Renewables Asset Co W.L.L.
• 2024: Expanded the grid connected STU offerings to Haryana and Chhattisgarh.
• 2025: Entered into a strategic collaboration with Osaka Gas and Japan Bank for International Cooperation for investing in C&I renewable energy projects together.
• 2025: Entered into a co-investment collaboration with Toyota Tsusho India Private Limited aimed at serving Toyota group companies in India through long-term corporate power purchase agreements.
• 2025: Signed a renewable energy certificate sale and purchase agreement with a global technology services company, an energy attribute purchase agreement with a leading technology firm, and a power purchase agreement with a renewable energy trading arm of a multinational corporation.
• 2026: Pursuant to the Pre-IPO Placement and certain secondary transactions in the Equity Shares of the company, Jongsong Investments Pte. Ltd. (an indirect wholly owned subsidiary of Temasek Holdings Private Limited), GSS India Opportunities AIF Scheme I (an affiliate of Bain Capital Special Situations, LP), and TRUST Group’s Relativity Resilience Fund - I, among others, acquired certain shareholding in the company.