IPO-bound CleanMax Enviro Energy Solutions has announced an investment of ₹1,200 crore to develop a 200 MW (AC) solar power project in Andhra Pradesh. The state government has approved the project, which will be developed by Yashaswa Power, a group company of CleanMax.
The solar park will be located in Beechiganipalle and surrounding villages in Sri Sathya Sai district. The project is expected to generate approximately 445 million units of electricity annually upon commissioning.
The project will be connected to the 400/220 kV Hindupur substation, ensuring grid stability and efficient power evacuation. It will span around 1,200 acres of land.
The ₹1,200 crore investment is expected to be funded through a mix of IPO proceeds, debt financing, and internal accruals. CleanMax is preparing for a public listing, and the capital raised will partly support expansion of its renewable energy portfolio.
Economic and Employment Impact
The development is projected to create approximately 690 direct and indirect jobs during construction and operations. The project is also expected to contribute to local economic activity through infrastructure development and supply chain engagement.
The 200 MW solar park marks a significant addition to Andhra Pradesh’s renewable energy capacity. The state has been actively promoting large-scale renewable energy projects under its clean energy roadmap.
For CleanMax, the project strengthens its utility-scale portfolio and expands its presence in southern India. The company primarily focuses on providing renewable energy solutions to commercial and industrial (C&I) consumers under open access and captive models.
The project aligns with India’s broader renewable energy targets set by the Ministry of New and Renewable Energy and reflects continued investor confidence in large-scale solar infrastructure.
The 200 MW solar project by CleanMax Enviro Energy Solutions in Andhra Pradesh contributes directly to India’s renewable energy ambitions, supporting the country’s 2030 target of 500 GW of non-fossil fuel capacity.
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