Highlights
- CleanMax commissioned around 530 MW of renewable energy capacity during Q1 FY27.
- The company's operational renewable energy portfolio increased to approximately 4.2 GW.
- Projects commissioned during the quarter were spread across 11 sites in five states.
Clean Max Enviro Energy Solutions Limited (NSE:CLEANMAX) announced that it commissioned approximately 530 MW of renewable energy capacity during the first quarter of FY27, marking its highest quarterly commissioning to date. According to the company's press release submitted to the National Stock Exchange (NSE) and BSE, the commissioning increased its operational renewable energy portfolio from approximately 3.6 GW as of March 2026 to around 4.2 GW as of June 30, 2026.
The company stated that the latest additions reflect increased corporate demand for renewable energy and the execution of projects across multiple locations during the quarter.
Source: Analysis by Kalkine
Renewable Energy Portfolio Expands Across Business Segments
Following the commissioning completed during Q1 FY27, CleanMax's operational renewable energy portfolio stood at approximately 4.2 GW. This includes around 3.5 GW under the Renewable Energy (RE) Power Sales business and approximately 0.7 GW under the RE Services business.
The company said its operational assets provide renewable energy solutions to commercial and industrial customers across Asia through different business models.
Projects Commissioned Across Multiple States
CleanMax stated that the quarter's capacity additions were delivered across 11 project sites in five states. The largest additions came from Gujarat, where around 170 MW was commissioned, followed by Karnataka with approximately 160 MW and Maharashtra with nearly 110 MW. Additional capacities were also commissioned in Haryana and Chhattisgarh.
According to the company, the projects included solar, wind and hybrid renewable energy assets commissioned to serve long-term customer demand.
Power Sales and RE Services Additions
During the quarter, the company's RE Power Sales business added 403 MW, comprising approximately 350 MWp of solar capacity and around 53 MW of wind capacity. These projects include assets owned or co-owned by CleanMax, including group captive projects operating under long-term Power Purchase Agreements (PPAs) and Energy Attribute Purchase Agreements (EAPAs).
The RE Services business added 126 MWp of solar capacity, with CleanMax providing engineering, procurement and construction (EPC) as well as operations and maintenance services for assets owned by commercial and industrial customers.
Management Commentary and Customer Wins
Commenting on the quarterly milestone, Kuldeep Jain, Founder and Managing Director, said, “Crossing 500 MW of commissioning in a single quarter reflects the scale of demand we are seeing from commercial and industrial customers. It also marks an important expansion of our operating portfolio and the long-term partnerships that underpin it. Our focus remains on timely execution and creating long-term value for customers and shareholders. As India's largest pure-play C&I renewable energy company, we will continue to support our customers through the next phase of their energy transition.”
The company also stated that recent customer wins include Meta, Apple, STT GDC India, Iron Mountain Data Centers, Princeton Digital Group, CEAT and GACL, reflecting adoption of renewable energy solutions among commercial and industrial customers.
Exchange Filing Details
The press release was submitted to the stock exchanges on July 7, 2026, and the company stated that the information would also be made available on its website. The filing was signed by Ullash Parida, Company Secretary and Compliance Officer.
Key Risks
- Project commissioning timelines may vary due to execution challenges.
- Renewable energy policies may change over time.
- Customer project demand may fluctuate across industries.
- Large-scale projects remain subject to operational and regulatory risks.
Summary
CleanMax commissioned approximately 530 MW of renewable energy capacity during Q1 FY27, taking its operational portfolio to around 4.2 GW from 3.6 GW. The additions included projects across 11 sites in five states, with Gujarat, Karnataka and Maharashtra contributing the largest capacities. RE Power Sales added 403 MW, while RE Services commissioned an additional 126 MWp.
FAQs
Q: How much renewable energy capacity did CleanMax commission in Q1 FY27?
A: CleanMax commissioned approximately 530 MW of renewable energy capacity during the first quarter of FY27.
Q: What is CleanMax's operational renewable energy portfolio after Q1 FY27?
A: The company's operational renewable energy portfolio stood at approximately 4.2 GW as of June 30, 2026.
Q: Which states accounted for the largest capacity additions during the quarter?
A: Gujarat, Karnataka and Maharashtra recorded the largest capacity additions, with additional projects commissioned in Haryana and Chhattisgarh.