Managing Director and Founder Kuldeep Jain sees sturdy development in renewable power capability and profitability as demand from synthetic intelligence (AI) and information centre corporations will increase.
The corporate plans to add a minimum of 1,500 MW of latest capability within the monetary 12 months 2026-27 (FY27) after including 1,400 MW final 12 months.
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Jain mentioned contracted capability, presently at 3,100 MW, is predicted to rise to a minimum of 4,600 or extra throughout FY27, with 2,700 MW of tasks already tied up underneath energy buy agreements (PPAs) and underneath building.
“Information and AI two years in the past used to be about 14-15% of our contracted volumes. It’s now 42%,” Jain mentioned, including that contracted megawatts linked to the phase have elevated from 240 MW to round 2,400 MW.
The corporate’sblended wind and photo voltaic mannequin limits dangers from potential modifications in photo voltaic banking and time-of-day tariff guidelines. Jain mentioned even underneath a worst-case state of affairs, the influence on the corporate’s operating profit can be round 1.5%.
Additionally Learn | CleanMax sees sturdy renewable demand from corporates, AI corporations
Apple lately introduced clear power initiatives in India, together with a ₹100 crore funding alongside CleanMax to develop greater than 150 MW of renewable power capability. Jain mentioned the funding can be made via a three way partnership by which it is going to maintain a 51% stake, whereas Apple will personal 49%.
The partnership consists of three tasks, with returns to be shared in accordance to the possession construction. He added that it is usually pursuing comparable co-funding partnerships with corporations linked to the Toyota Motor Group and Osaka Fuel because it appears to be like to diversify funding sources for future growth.
Clear Max, which has a market capitalisation of ₹14,517.82 crore, has seen its shares rise greater than 39% during the last month.
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