Announced Thu, 7 May · 07:41 IST

Press Release titled "Apple & CleanMax Partner to Boost Renewable Energy in India with ~INR 100 Crore Investment" to be issued by Clean Max Enviro Energy Solutions Limited

Marquee Jv AnnouncedStrategic Transactions View source PDF

CLEANMAX · price

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AI summary

Apple and CleanMax have announced a strategic co-investment partnership worth approximately INR 100 crore to accelerate renewable energy deployment in India's Commercial and Industrial (C&I) sector. This builds on their earlier co-investment supporting Apple's India operations. CleanMax is India's largest renewable energy provider for the C&I sector with 570+ customers, including data centers and AI companies representing 42% of contracted volumes as of Q3 FY26. The partnership aims to advance decarbonization, support Apple's carbon neutrality goals, and expand clean energy infrastructure using a strategic co-investment model.

Likely market impact

This partnership with a global technology leader like Apple validates CleanMax's business model and could attract more corporate clients seeking credible net-zero partners. The INR 100 crore investment strengthens CleanMax's capital base for scaling renewable infrastructure in the fast-growing Indian C&I clean energy market.