CleanMax Commissions 185 MW Hybrid Project in Kalavad, Gujarat
Analysis based on 7 articles · First reported Apr 07, 2026 · Last updated Apr 15, 2026
The commissioning of the Kalavad project by CleanMax Enviro Energy Solutions is expected to positively impact the renewable energy sector in India, particularly in India===Gujarat, by increasing clean energy supply and promoting industrial decarbonisation. The stable revenue streams from 25-year PPAs provide long-term financial visibility for CleanMax Enviro Energy Solutions, leading to a positive market sentiment for the company's stock.
CleanMax Enviro Energy Solutions has commissioned a 185 MW wind-solar hybrid project in Kalavad, India===Gujarat, after approximately 12 months of development. This project, operating under a group captive model, supplies round-the-clock green energy to 17 corporate customers, including Apar Industries and Borosil Renewables, through 25-year fixed-tariff Power Purchase Agreements. The Kalavad project significantly expands CleanMax Enviro Energy Solutions' operational capacity in India===Gujarat to 844 MW and is projected to add over ₹165 crore annually to the company's revenue from FY2027. This initiative aligns with India's decarbonisation goals, aiming to offset approximately 3.61 lakh tonnes of CO₂ emissions annually. The project reinforces India===Gujarat's role as a key market for renewable energy, supported by favorable policies from the India===State electricity regulatory commission (India).
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