Apple and CleanMax Form Strategic Partnership for Renewable Energy Boost in India
Mumbai, India, May 07, 2026: Apple and CleanMax Enviro Energy Solutions Limited have entered into a strategic coinvestment transaction aimed at accelerating decarbonization within India's Commercial & Industrial (C&I) sector. The partnership involves an investment of approximately INR 100 Crore and is set to drive scaled renewable energy deployment across the country.CleanMax Enviro Energy Solutions Limited, recognized as India's largest renewable energy solutions provider for the commercial and industrial sector, confirmed the collaboration. The alliance underscores a shared, long-term commitment toward enabling the corporate clean energy transition, advancing lowcarbon infrastructure, and supporting Apple's overarching carbon neutrality goals.
The development represents an expansion of the earlier co-investment partnership between CleanMax and Apple, which initially supported Apple's India operations.
Kuldeep Jain, Managing Director and Founder of CleanMax, stated that the company views itself as a long-term net-zero partner to corporates. He expressed pride in continuing the relationship with Apple, noting that the collaboration allows them to push the ecosystem to build more responsibly.
Amid the rapid growth of India's corporate renewable energy market, industry observers note that such strategic collaborations are crucial for the next phase of industrial decarbonization. By combining long-term capital, global sustainability ambition, and scalable clean energy execution, the partnership is expected to accelerate high-quality renewable infrastructure for C&I consumers, cementing India's position as a critical market in this transition.
CleanMax's Role in India's C&I Sector
CleanMax specializes in providing diverse clean energy solutions across India, the Middle East, and South-East Asia. Focused on supporting corporations aiming for net-zero status, the company offers a range of solutions including rooftop solar projects, utility-scale solar and wind farms, and windsolar hybrid farms. Furthermore, CleanMax has expanded its offerings to include carbon credit solutions.As of March 2026, CleanMax holds a leading position in the Indian C&I renewable energy segment, maintaining a significant customer base.
| Metric | Detail |
|---|---|
| Customer Base | 570+ customers (Largest among C&I players in India) |
| Revenue Driver (Q3 FY26) | Data centers and AI account for 42% of contracted volumes |
| Industries Served | Data centers, AI and technology, cement, steel, industrial manufacturing, FMCG, pharmaceuticals, real estate, and global capability centers |
The company's solutions are designed to help accelerate clients' shift to clean energy, making CleanMax a key provider for Net Zero Solutions across diverse industrial sectors.
CLEANMAX Stock Price Movement
On Wednesday, Clean Max Enviro Energy Solutions Limited shares edged higher, closing at ₹1179.80, reflecting a solid gain of 3.08% from previous trading levels. The equity surged close to its 52-week high of ₹1199, trading throughout the day between ₹1155 and ₹1196.7 on a total volume of 274,438 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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