CleanMax commissions 530 MW in a quarter — a record
The addition lifts operating portfolio to 4.2 GW, with an estimated annual revenue impact of ₹280 crore. Tech and data centre clients are driving demand.
— 5 earlier stories on Clean Max Enviro Energy Solutions Ltd. →What's new
- CleanMax commissioned 530 MW in Q1 FY27, its highest-ever quarterly addition.
- Operating portfolio grew from 3.6 GW to 4.2 GW, a ~15% increase.
- Projects span solar and wind across five states, split 403 MW power sales and 126 MW services.
Why this matters
The scale validates execution capability and underpins revenue visibility. The portfolio expansion of ~15% in one quarter shows accelerating corporate demand, especially from tech and data centre clients.
What we're watching
- Pace of future commissioning to sustain the growth trajectory.
- Impact of ₹474 crore in corporate guarantees on the balance sheet.
- Any new group captive deals after the Gujarat Alkalies win.
The full read
CleanMax just commissioned 530 MW of renewable capacity in a single quarter, a record for the company. The addition lifted its operating portfolio from 3.6 GW to 4.2 GW, a 15% jump that translates to an estimated ₹280 crore in annualised revenue. The capacity spans solar and wind across five states, split 403 MW under power sales and 126 MW under services. The milestone follows recent high-profile customer wins: Meta signed up for 900 MW, Apple and STT GDC India also came on board, confirming that corporate demand for green power is intensifying. Yet the company carries a debt/equity of 3.11 and a P/E of 168, so execution pace will matter. The record quarter proves CleanMax can deliver at scale. The open question is whether it can sustain this cadence without stretching its balance sheet.
Questions answered
- How much capacity did CleanMax commission in Q1 FY27?
- CleanMax commissioned 530 MW of renewable energy in the June 2026 quarter, its highest-ever quarterly performance.
- What is the estimated revenue impact of this commissioning?
- The 530 MW addition is expected to generate about ₹280 crore in annualised revenue, based on standard assumptions.
- Who are the key clients driving this demand?
- The company has recently won contracts from Meta, Apple, and STT GDC India, among others, confirming strong demand from technology and data centre firms.
- How does this quarter compare to CleanMax's earlier performance?
- This is CleanMax's highest-ever quarterly commissioning, bringing its total operating portfolio from 3.6 GW to 4.2 GW — a 15% jump in one quarter.
- What is the company's contracted portfolio now?
- CleanMax's contracted portfolio stands at 5.7 GW, serving 588 customers, providing strong long-term revenue visibility.
Clean Max Enviro Energy Solutions Ltd.
Latest quarter · Mar 2026
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All notes on CLEANMAX →- 7 Jul 2026 · 8:04 AM IST CleanMax commissions 530 MW in a quarter — a record
- 17d ago CleanMax backs five SPVs with ₹474 cr in guarantees
- 30d ago Meta signs up for 900 MW of Indian clean power with CleanMax
- 37d ago CleanMax lands its biggest group captive deal, a 160 MW hybrid for Gujarat Alkalies
- 45d ago Clean Max commissions 351.4 MWp solar park in Rajasthan