Meta and CleanMax Announce Partnership for ~900 MW of Renewable Energy Capacity in India
Meta Platforms, Inc. has partnered with Clean Max Enviro Energy Solutions Limited to support a substantial renewable energy transition in India. The collaboration covers approximately 900 MW of renewable energy capacity, building upon existing commitments between the two companies.CleanMax and Meta will jointly facilitate the development of 837 MW of new solar and wind capacity across Rajasthan and Karnataka. CleanMax is responsible for developing and operating this new generation capacity. Meta Platforms, Inc., which is a NASDAQ company, will purchase 100% of the environmental attributes from these projects. This initiative aids CleanMax in advancing its goal to support Meta's efforts to add new generation to the grid and address value chain emissions in India.
The partnership reinforces CleanMax’s role as a long-term sustainability partner supporting corporate decarbonization initiatives amid rapid expansion of digital infrastructure.
Commitment to Clean Energy Transition
Kuldeep Jain, Founder and Managing Director of Clean Max Enviro Energy Solutions Limited, commented on the agreement, stating that Meta connects billions of people daily through platforms like Facebook, Instagram, WhatsApp, and Threads. He added that they are thrilled to partner with Meta, emphasizing that while digital infrastructure is increasingly AI-driven, it must also be powered by clean energy.Amanda Yang, Head of Clean and Renewable Energy at Meta, remarked that these agreements represent meaningful progress in supporting Meta’s renewable energy goals. She expressed pleasure at continuing work with CleanMax to help bring new renewable energy capacity onto the grid and support India’s clean energy ecosystem.
Company Background and Scale
Clean Max Enviro Energy Solutions Limited is noted as one of India's largest pureplay Commercial & Industrial (C&I) renewable energy companies, possessing over 15 years of operations in the sector. The company serves 588 customers across various sectors including technology, digital infrastructure, manufacturing, industrial sectors, FMCG, pharmaceuticals, and real estate.In FY 2025-26, CleanMax’s contracted renewable energy portfolio reached 5.7 GW. Approximately 74% of new contracted capacity was driven by existing customers, highlighting strong retention and business visibility. Data Centres and AI infrastructure customers currently contribute 42% of the company's contracted RE Power Sales portfolio.
Furthermore, CARE Ratings upgraded CleanMax’s credit rating to AA-/Stable in May 2026, reflecting the company’s expanding portfolio and robust financial performance.
CLEANMAX Stock Price Movement
On Tuesday, shares of Clean Max Enviro Energy Solutions Limited edged higher by 0.23%, settling at ₹1232.40 after trading activity throughout the session. The stock traded a volume of 237,813 shares during the day, moving near its intraday high of ₹1240.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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