Apple & CleanMax Partner for ₹100 Crore Renewable Energy Investment in India
Apple and CleanMax are investing approximately ₹100 Crore to boost renewable energy in India's C&I sector. This expands their existing partnership, aiming to accelerate corporate clean energy transition and support Apple's carbon neutrality goals. CleanMax is India's largest C&I renewable energy provider with over 570 customers.
The investment of ₹100 Crore is substantial and targets a key growth sector (C&I renewable energy in India), indicating a medium-term positive impact on CleanMax's business and its contribution to sustainability goals.
The announcement details a significant strategic partnership and investment aimed at expanding renewable energy deployment, which is positive for both companies and the environment.
Apple and CleanMax Enviro Energy Solutions Limited have entered into a strategic co-investment transaction to accelerate the deployment of renewable energy in India's Commercial & Industrial (C&I) sector.
This partnership, with an investment of approximately ₹100 Crore (approximately $12 million), aims to advance corporate clean energy transition and support Apple's carbon neutrality goals. This collaboration builds upon a previous co-investment agreement that supported Apple's operations in India.
Kuldeep Jain, Managing Director and Founder of CleanMax, expressed enthusiasm about expanding the partnership, highlighting CleanMax's role as a long-term net-zero partner to corporations and their pride in working with a company like Apple that drives responsible innovation.
The collaboration underscores the growing importance of strategic co-investment models in developing renewable infrastructure for C&I consumers, with India emerging as a key market. This initiative is poised to shape the next phase of industrial decarbonization by combining long-term capital, global sustainability ambitions, and scalable clean energy execution.
CleanMax is India's largest renewable energy company for the C&I sector, serving over 570 customers across India, the Middle East, and South-East Asia as of March 2026. The company offers solutions including rooftop solar, utility-scale solar farms, wind farms, and wind-solar hybrid farms, and has recently expanded into carbon credit solutions. Data centers and AI constitute 42% of their contracted volumes as of Q3 FY26.
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Clean Max Enviro Energy Solutions Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Clean Max Enviro Energy Solutions Limited. Read the original for the full detail.