cleanmax

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Daily News Wrap-Up: Application Process for ALMM Inclusion and Renewal

The recent reimposition of the Approved List of Models and Manufacturers (ALMM) regulation by the Ministry of New and Renewable Energy (MNRE) has once again raised...

April 19, 2024

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Mercom Staff

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Daily Wrap-up
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Apple Partners with CleanMax to Power India Operations with Renewable Energy

Tech giant Apple has announced a joint venture with Mumbai-based renewable energy firm CleanMax to power its operations in India with renewable energy as part of its...

April 18, 2024

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Arshreet Singh

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C&I

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Solar
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High Power String Inverters in Solar Projects Perform Better, Save Costs

High-power string inverters can significantly reduce the balance of system (BOS) costs compared to central inverter solutions as they require fewer inverters per block...

March 14, 2024

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Arshreet Singh

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Inverters & BOS

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Solar
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Daily News Wrap-Up: Draft Renewable Energy Tariff Regulations 2024

The Central Electricity Regulatory Commission has formulated the draft regulations to determine the tariff for renewable energy projects in 2024. These regulations are...

February 26, 2024

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Mercom Staff

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Daily Wrap-up
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CleanMax to Supply Green Power to Bangalore Airport from 45.9 MW Project

Mumbai-based renewable energy firm CleanMax Enviro Energy Solutions (CleanMax) has entered into a 25-year-long power purchase agreement with Bangalore International...

February 23, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar

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Wind
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Daily News Wrap-Up: Adani Wins 7 GW Renewable Energy Transmission Project

Adani Energy Solutions, a power transmission and distribution company, has secured a letter of intent to acquire Halvad Transmission from PFC Consulting. Halvad...

December 29, 2023

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Mercom Staff

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Daily Wrap-up
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Insurance Coverage Gains Prominence as Wind-Solar Hybrid Projects Take Centerstage

Wind-solar hybrid projects are a practical solution to tackle the intermittency issues of standalone wind and solar energy sources and are poised to play a critical role...

October 12, 2023

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Rakesh Ranjan

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Markets & Policy

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Other
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Average Cost of Large-Scale Solar Projects Drop by 8% YoY in Q2

The average cost of large-scale solar projects in India declined by 8.1% year-over-year in the second quarter (Q2) of 2023. Continuing from the previous quarter, the...

September 4, 2023

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Debojyoti Nath

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Markets & Policy

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Mercom Research Focus

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Solar
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Solar Project Delays and Postponements Lead to 46% Decline in Investments In Q2 2023

Investments in the Indian solar sector in the second quarter (Q2) of the calendar year (CY) 2023 totaled $1.57 billion (~₹129.86 billion), a 46% year-over-year (YoY)...

August 28, 2023

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Urvashi Gupta

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Finance and M&A

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Mercom Research Focus

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Solar
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Funding and M&A Roundup: FuturaSun Acquires Perovskite Solar Cells Startup Solertix

From: Mercom Capital Group FuturaSun, solar, roof-grid panels, and solar lighting machines manufacturer, acquired Solertix, a perovskite solar cell start-up in Italy....

June 7, 2023

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Staff

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Finance and M&A

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Other
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CleanMax Secures $360 Million Funding to Expand its C&I Segment Portfolio

Mumbai-based renewable energy company CleanMax Enviro Energy Solutions (CleanMax) has successfully concluded an equity fund raise of approximately $360 million from...

June 1, 2023

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Gautamee Hazarika

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C&I

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Finance and M&A

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Solar
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Welspun to Procure Renewable Power from CleanMax Under Captive Model

Textile company Welspun India has acquired a 26% stake in CleanMax Thanos (CTPL) for ₹38 million (~$458,713) to procure renewable energy through open access under the...

January 2, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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CleanMax and Meta to Invest in 33.8 MW Renewable Energy Projects in India

Mumbai-based renewable energy company CleanMax Enviro Energy Solutions (CleanMax) has partnered with global internet giant Meta to invest in 33.8 MW of new renewable...

December 13, 2022

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Arjun Joshi

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Other

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Renewable Energy
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CleanMax Raises $34 Million to Expand C&I Renewable Energy Portfolio

Indian renewable energy company CleanMax has received $34 million in funding from the Danish Investment Fund for Developing Countries (IFU). The company is expected to...

December 21, 2021

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Harsh Shukla

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Finance and M&A

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Solar
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Augment Infrastructure Acquires a Majority Stake in CleanMax for ₹16.5 Billion

CleanMax, an Indian renewable energy company, announced that Augment Infrastructure, a U.S.-based investment company, has acquired a majority stake in the company...

August 12, 2021

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Harsh Shukla

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Finance and M&A

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Solar

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