CleanMax to Supply 30 MW Hybrid Renewable Power to Shell India Assets
CleanMax will supply renewable electricity from its hybrid wind-solar projects to Shell India's assets in Gujarat and Karnataka. The collaboration covers two projects with a combined installed capacity of approximately 30 MW. The Gujarat project is 16.83 MW for Shell's LNG terminal, and the Karnataka project is 13.2 MW for Shell's Technology Centre. These projects aim to lower carbon footprints and support decarbonization efforts.
This partnership signifies a substantial new contract for CleanMax, involving a well-known entity like Shell and a notable capacity of 30 MW. While positive, it represents one of many such projects for a large renewable energy solutions provider and does not immediately alter the company's fundamental financial standing, hence a medium impact.
The announcement details a significant partnership for CleanMax, involving a major global energy company (Shell) and contributing to renewable energy adoption and decarbonization efforts. This indicates positive business development and aligns with sustainability goals.
Clean Max Enviro Energy Solutions Limited (CleanMax) has announced a collaboration with Shell India to supply renewable electricity from its hybrid wind-solar projects. This partnership involves two projects with a combined installed capacity of approximately 30 MW.
In Gujarat, CleanMax is developing a 16.83 MW hybrid renewable energy plant, comprising 6.93 MWp of solar and 9.90 MW of wind capacity. This project, implemented under the group-captive model, will supply power to Shell's LNG terminal at Hazira.
In Karnataka, a 13.2 MW hybrid renewable energy plant is being developed, with 9.9 MWp of solar capacity in Jagalur and 3.3 MW of wind capacity in Honawad. This power will be supplied to Shell's Technology Centre in Bengaluru. Under the group-captive framework, both companies will co-invest in these renewable energy assets.
Kuldeep Jain, Managing Director of CleanMax, expressed delight in partnering with Shell to lower carbon footprints and integrate sustainability into core operations. Mansi Madan Tripathy, Chairperson of Shell Group of Companies India, highlighted that hybrid renewable solutions offer a practical pathway to balance reliability with decarbonization. Together, these projects are expected to generate approximately 66,832 MWh of renewable energy annually.
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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.