Clean Max Enviro Energy Solutions has reported a significant increase in its run-rate EBITDA, reaching ₹1,870 crore for the financial year 2025-26, marking a 64% year-on-year growth. This surge is attributed to the company’s expansion in renewable energy power sales capacity, which now stands at 3.1 GW. In the past year alone, CleanMax commissioned approximately 1.4 GW of renewable energy capacity, nearly matching its cumulative capacity built over previous years.
The company’s growth is driven by two primary factors: the increasing shift of corporate customers towards renewable energy and the demand from global tech giants for clean energy solutions. With less than 10% of India’s corporate power consumption currently sourced from renewable energy, CleanMax sees a vast opportunity for growth. The company holds a significant market share in states like Karnataka and Gujarat, where its wind-solar hybrid offerings provide substantial energy savings.
CleanMax’s strategic focus on data centres and AI infrastructure has also contributed to its growth. The company has contracted 1.8 GW for energy attribute offset agreements as of March 31, 2026, catering to the increasing demand from technology companies and multinational corporations. The energy attribute market in India is expected to grow significantly, driven by the needs of data centres and global corporations.
In addition to its operational achievements, CleanMax has recently become a publicly listed company, a move that strengthens its capital base and enhances public accountability. The company plans to commission a minimum of 1.5 GW of capacity in FY 2026-27, with over 2.6 GW already contracted and under execution. CleanMax is also focusing on diversifying its portfolio and evolving its offerings to include new states and battery energy storage solutions.
The company emphasises disciplined capital management and has welcomed Osaka Gas as a strategic partner with an initial investment of ₹176 crore. CleanMax aims to deepen this partnership and replicate the model with other investors to support its growth ambitions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).