CleanMax Commissions 185 MW Wind-Solar Hybrid Project in Gujarat
⚡ Quick Read
- What happened: CleanMax has commissioned a 185 MW wind-solar hybrid power project in Kalavad, Gujarat, developed over a 12-month period.
- Why it matters: The project strengthens the group captive model for C&I consumers, with 17 corporate clients including APAR Industries and Borosil Renewables.
- Watch: Future revenue impact as the project is expected to contribute over ₹1.65 billion annually starting in FY 2027.
Background and Context
The renewable energy landscape in India is witnessing a significant shift toward hybrid solutions, and the recent commissioning of the 185 MW wind-solar hybrid project by CleanMax in Kalavad, Gujarat, underscores this trend. As a leading renewable energy solutions provider, CleanMax continues to expand its footprint in the Commercial and Industrial (C&I) segment, leveraging group captive arrangements to provide sustainable power to high-demand corporate consumers.
Key Details
The 185 MW project was successfully developed and commissioned within a 12-month timeframe. This addition brings CleanMax’s total operational capacity in Gujarat to approximately 844 MW. The facility is designed to supply renewable energy to 17 corporate customers, including prominent names such as APAR Industries and Borosil Renewables. According to Nikunj Ghodawat, Chief Financial Officer at CleanMax, this project is projected to enhance the company’s revenue base by contributing upwards of ₹1.65 billion (~$17.756 million) annually beginning in the financial year (FY) 2027.
CleanMax’s financial health remains robust, with the company reporting a total income of ₹4.66 billion (~$50.45 million) in Q3 FY 2026, representing a 13.9% year-over-year growth. As of March 31, 2026, the company’s operational energy sale capacity reached 3.1 GW, with a total contracted capacity of 5.7 GW as of March 1, 2026. Notably, data centers and AI-related operations accounted for 42% of its contracted volumes by the third quarter of FY 2026.
What This Means for EPCs and Developers
For EPC contractors and developers, the CleanMax model highlights the viability of the group captive segment in states with favorable wind-solar policies like Gujarat. The ability to integrate wind and solar assets allows developers to optimize grid evacuation and provide a more consistent power profile to C&I clients, who are increasingly prioritizing round-the-clock or hybrid renewable energy to meet ESG mandates. The focus on high-growth sectors like data centers and AI provides a stable, long-term revenue stream for developers capable of executing complex hybrid projects.
What Happens Next
As CleanMax continues to scale its operations, the focus will likely remain on integrating more diverse corporate clients into its portfolio. The success of this 185 MW hybrid plant serves as a benchmark for the broader India renewable energy sector, where the integration of wind and solar is becoming essential to managing intermittency and maximizing land use efficiency. Continued investment in such hybrid infrastructure will be critical to meeting India’s ambitious net-zero targets and supporting the energy requirements of the nation’s rapidly industrializing economy.
