CleanMax raises $360 million from Brookfield
Brookfield Renewable will have a controlling stake in CleanMax
Brookfield Renewable will have a controlling stake in CleanMax
To switch its electricity supply to 100 per cent green energy, SCHOTT is also relying on power purchase agreements (PPAs). PPAs are contracts with operators of renewable energy plants, such as wind or solar farms.
Green energy will be provided from CleanMax’s wind-solar farm in Jagalur, Karnataka to JK Cement’s Muddapur factory, in the state
"The 33.8 MW of renewable energy project capacity is made up of 21.6 MW of wind and 12.2 MW of solar, which is in addition to 32 MW of wind energy jointly announced last year. This brings CleanMax and Meta’s total investment to 65 MW of new renewable energy that will be added to India’s electrical grid," the companies said in a statement.
At present, US-based Augment Infrastructure owns a majority stake in CleanMax. Last year, Augment Infrastructure acquired a majority stake from Warburg Pincus and IFC in a Rs 1,650-crore deal, which included primary capital infusion.
The UPL and CleanMax will set-up and operate a hybrid captive power plant with a capacity of 28.05 MW of solar power and 33 MW of wind power in Gujarat, a statement said.
CleanMax will use this investment to accelerate its rapid growth in the C&I renewable energy space in India, Middle East, and Southeast Asia
Under the collaboration, Clean Max Enviro Energy Solutions (CleanMax) will supply 4.85 MW of wind-solar hybrid power to MG Motor's manufacturing facility in Halol.
The manufacturing facility of MG in Halol will receive 50 per cent of electricity from CleanMax’s wind solar hybrid park
These turbines are for three wind hybrid projects that would help meet the electricity demands of companies in Karnataka and Gujarat
The venture would supply 70-80 per cent of the facility electricity needs through a wind and solar hybrid power park in Karnataka