CleanMax and Nuvoco Partner on 46.4 MW Wind-Solar Hybrid Project
CleanMax and Nuvoco Vistas have partnered for a 46.4 MW wind-solar hybrid project in Rajasthan. The project includes 20 MW wind, 26.4 MWp solar, and a 2-MWh BESS. It's expected to generate ~100 MU of renewable electricity annually and avoid significant CO2 emissions, supporting Nuvoco's sustainability goals.
The partnership involves a substantial renewable energy project that will contribute to Nuvoco's sustainability goals and expand CleanMax's operational portfolio, indicating a moderate impact on both entities.
The announcement details a strategic partnership for a significant renewable energy project, which is positive for both companies' sustainability efforts and CleanMax's business growth.
Clean Max Enviro Energy Solutions Limited (CleanMax) has partnered with Nuvoco Vistas Corp. Ltd. (Nuvoco) to develop a 46.4 MW wind-solar hybrid renewable energy project in Rajasthan. This project, located in Bhikamkhore, comprises 20 MW of wind capacity, 26.4 MWp of solar capacity, and a 2-MWh Battery Energy Storage System (BESS), structured under a group captive model for long-term clean energy procurement.
The power generated will be supplied to Nuvoco through the State Transmission Utility (STU) Open Access network. This initiative is part of Nuvoco's strategy to reduce the carbon intensity of its cement operations and advance its DIRE (Digitalisation, Innovation and Renewables) agenda. Once operational, the project is expected to generate approximately 100 million units (MU) of renewable electricity annually, avoiding an estimated 62,023 tonnes of CO2 emissions annually under Scope 2 and 63,463 tonnes under Scope 1.
Kuldeep Jain, Founder and Managing Director of CleanMax, highlighted that the project is designed to deliver long-term cost certainty and support Nuvoco's transition to cleaner power. Jayakumar Krishnaswamy, Managing Director of Nuvoco, stated that the collaboration will increase the share of renewable energy in their Rajasthan operations, enhancing energy mix, improving long-term cost efficiency, and reducing dependence on conventional power sources.
CleanMax, with over 15 years of operations, is India's largest pureplay Commercial & Industrial (C&I) renewable energy company. As of June 30, 2026, its contracted renewable energy portfolio reached 6.0 GW. Nuvoco Vistas Corporation Limited is a building materials company with a vision for sustainable operations, offering products in Cement, Ready-Mix Concrete (RMX), and Modern Building Materials (MBM).
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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.