CleanMax to invest ₹50,000 crore in Andhra Pradesh clean energy hub
The company will develop 3 GW of renewable energy and 1 GW of pumped hydro storage to power a Kurnool compute factory.
Clean Max Enviro Energy Solutions signed a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) on Thursday to invest nearly ₹50,000 crore in the state. According to Business Standard, the investment aims to build an integrated clean energy complex featuring 3 GW of wind and solar projects alongside 1 GW of pumped hydro facilities.
The energy produced will support a 2 GW green compute factory being established in the Kurnool district. This facility is being developed in partnership with Neysa, an AI cloud provider that will provide a 1 GW information technology (IT) load to the park.
To ensure constant power, CleanMax will combine generation, storage, and distribution. The company plans to use battery energy storage systems (BESS) and pumped storage to balance the supply from wind and solar sources for round-the-clock demand.
A special purpose vehicle owned by CleanMax will seek a distribution licence from the Andhra Pradesh Electricity Regulatory Commission (APERC) to manage the factory's dedicated power network. The project will be implemented in stages, with a goal to commission at least 1.5 GW of renewable capacity by 2029.
CleanMax Founder and Managing Director Kuldeep Jain said that compute requirements demand clean energy available every hour. Jain noted that the state's wind and solar resources and its clean energy policy framework support this integrated model.