CleanMax Enviro, through its arm Yashaswa Power LLP, will develop a 200 megawatt (MW) solar power park in Andhra Pradesh with an estimated investment of ₹1,200 crore. The development was approved by the Andhra Pradesh Electricity Regulatory Commission (APERC) following its recent order.
The project will be built under a long-term power purchase arrangement (PPA) with a subsidiary of Indian Oil Corporation Ltd, which has also received approval from APERC. The agreement will help strengthen renewable energy capacity in the state and support CleanMax’s growth ahead of its planned public listing.
Key Project Details
• Capacity: 200 MW solar power park
• Investment: ~₹1,200 crore
• Developer: Yashaswa Power LLP (part of CleanMax Enviro)
• Location: Andhra Pradesh
• Regulator Approval: Andhra Pradesh Electricity Regulatory Commission (APERC)
• Power Buyer: Indian Oil Corporation Ltd subsidiary
The solar park will be built in stages, and once it is up and running, it should add clean, renewable energy to India’s energy mix. The project has a long-term supply agreement that guarantees steady income and helps get funding for the project.
Strategic Importance
The Andhra Pradesh government’s approval of regulations shows that the state strongly supports investments in renewable energy. During construction and operation, the project is expected to create new jobs, increase solar capacity, and give businesses cleaner power options. It also helps India reach its bigger climate and energy goals by making it less reliant on fossil fuels.
Leadership Comments
Speaking about the project, Rajat Gupta, Managing Partner of CleanMax Enviro, said:
“The 200 MW solar park project in Andhra Pradesh reflects our continuing commitment to scaling renewable energy infrastructure. With this project, we are strengthening our operational footprint and contributing to India’s energy transition.”
This news comes as CleanMax Enviro gets ready for its first public offering (IPO), which is expected to help the company grow its renewable energy portfolio across India. The long-term PPA and the APERC approval are two important steps that help investors feel good about the project and get financing.
Overall, the solar park project highlights CleanMax Enviro’s role in expanding India’s renewable energy landscape and supporting the country’s climate goals through large-scale solar deployment.
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