Amaravati, February 24: In a major boost to renewable energy capacity and investment activity, the Government of Andhra Pradesh has approved the development of a 200 MW solar power park by Yashaswa Power LLP, a group company of Clean Max Enviro Energy Solutions Pvt Ltd, which is currently launching a ₹3,100 crore initial public offering on the main board.
₹1,200 Crore Investment to Power Sri Sathya Sai District
The project involves an investment of ₹1,200 crore and will establish a 200 MW AC and 300 MWp DC solar park across Beechiganipalle and adjoining villages in Parigi Mandal of Sri Sathya Sai district.Spread over nearly 1,200 acres of predominantly private land, the facility is designed to generate approximately 445 million units of clean electricity annually. The project is also expected to create around 690 direct and indirect employment opportunities in the region.
To ensure stable transmission and long term power evacuation, the solar park will be connected to the 400 by 220 kV APTRANSCO Hindupur substation, strengthening grid reliability in the area.
CleanMax Expands Renewable Footprint Amid Public Offering
CleanMax, founded in 2010, is one of India’s largest commercial and industrial renewable energy platforms. The company provides green energy and net zero decarbonization solutions to more than 550 corporate clients.Its operational portfolio stands at approximately 2.5 GW, spanning solar, wind and hybrid assets, with additional projects under development.
The company’s ₹3,100 crore IPO, open from February 23 to February 25, comprises a fresh issue of ₹1,200 crore and an offer for sale of ₹1,900 crore by existing shareholders. The price band has been fixed at ₹1,000 to ₹1,053 per share, with a proposed listing on the BSE and the National Stock Exchange of India in early March.
The issue has drawn participation from institutional investors, including Temasek Holdings and SBI Life Insurance.
Boost to Andhra Pradesh Clean Energy Ambitions
The Andhra Pradesh government stated that the approval aligns with the state’s clean energy expansion strategy. The investment is expected to attract additional private capital, accelerate industrial decarbonization, and reinforce the state’s standing as a preferred destination for large scale renewable energy projects.With one of the largest renewable energy IPOs in India’s equity markets this year, CleanMax’s public offering reflects sustained investor confidence in clean infrastructure and the country’s transition toward sustainable power generation.
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