📷 Image: Wikimedia Commons / Max Desfor
Business
CleanMax inks ₹50,000 crore MoU with Andhra Pradesh to build green energy hub
✍️ Business Standard
🗓 13 Nov 2026, 12:37 AM
👁 8
CleanMax and the Andhra Pradesh government have signed a memorandum of understanding worth ₹50,000 crore to develop a large‑scale renewable‑energy hub in the state.
The renewable‑energy firm CleanMax has entered into a memorandum of understanding (MoU) with the Andhra Pradesh government, committing ₹50,000 crore to establish a green energy hub. The agreement, announced on Monday, outlines a multi‑year plan to develop solar, wind and hybrid power assets across the state, aiming to make Andhra Pradesh a leading clean‑energy exporter.
Under the MoU, CleanMax will invest in land acquisition, grid infrastructure and storage solutions, while the state will facilitate clearances, provide fiscal incentives and ensure land‑use support. Both parties said the project will generate thousands of jobs and attract ancillary industries such as battery manufacturing and component fabrication.
The initiative aligns with Andhra Pradesh's target of achieving 50 GW of renewable capacity by 2030. Officials expect the hub to supply power to industrial parks, reduce carbon emissions and bolster the state's revenue through export of surplus electricity to neighboring regions.
CleanMax CEO Ravi Kumar highlighted that the scale of the investment reflects confidence in India's policy framework for clean energy. The government’s Energy Minister, K. K. Reddy, reiterated the state's commitment to sustainable development and invited other private players to participate in similar ventures.
The MoU marks one of the largest single‑investment commitments in India's renewable‑energy sector to date, signaling a significant push toward decarbonisation and energy security.
Under the MoU, CleanMax will invest in land acquisition, grid infrastructure and storage solutions, while the state will facilitate clearances, provide fiscal incentives and ensure land‑use support. Both parties said the project will generate thousands of jobs and attract ancillary industries such as battery manufacturing and component fabrication.
The initiative aligns with Andhra Pradesh's target of achieving 50 GW of renewable capacity by 2030. Officials expect the hub to supply power to industrial parks, reduce carbon emissions and bolster the state's revenue through export of surplus electricity to neighboring regions.
CleanMax CEO Ravi Kumar highlighted that the scale of the investment reflects confidence in India's policy framework for clean energy. The government’s Energy Minister, K. K. Reddy, reiterated the state's commitment to sustainable development and invited other private players to participate in similar ventures.
The MoU marks one of the largest single‑investment commitments in India's renewable‑energy sector to date, signaling a significant push toward decarbonisation and energy security.