CleanMax to Power Shell India's Key Sites with 30MW Hybrid Energy

CleanMax Enviro Energy Solutions Ltd. has inked a significant agreement to provide approximately 30 MW of hybrid renewable power to Shell India. The deal covers Shell's liquefied natural gas (LNG) terminal in Hazira, Gujarat, and its technology centre in Bengaluru, Karnataka.

Project Specifics

Under the group-captive model, the collaboration includes a 16.83 MW hybrid plant for the Gujarat LNG terminal, comprising 6.93 MWp of solar capacity and 9.90 MW of wind power. Shell's Karnataka technology centre will be served by a 13.2 MW hybrid plant, featuring 9.9 MWp of solar and 3.3 MW of wind capacity. These projects are projected to generate 66,832 MWh of clean energy annually.

Why This Deal Matters

For Shell India, this partnership directly supports its commitment to enhancing energy resilience and advancing its decarbonisation goals and net-zero ambitions. By investing in dedicated renewable power assets, Shell aims to significantly reduce its carbon footprint across its Indian operations.

For CleanMax, the deal solidifies its standing as a key renewable energy partner for major multinational corporations and energy giants in India. It demonstrates the growing adoption of hybrid solar-wind solutions for industrial energy needs and validates the group-captive model as an effective structure for corporate renewable power procurement.

CleanMax's Growth and Backing

CleanMax, established in 2010, is a prominent player in India's renewable energy sector. The company typically operates on a Build-Own-Operate model, securing long-term Power Purchase Agreements (PPAs) with commercial and industrial clients. In February 2026, CleanMax raised ₹1500 crore in pre-IPO funding from investors including Temasek Holdings and Bain Capital, signaling its readiness for a future Initial Public Offering (IPO). As of September 2025, the company reported approximately 1,058 MW of operational capacity and an additional 492 MW under construction. Shell India is also actively increasing its renewable energy investments, partly through its Sprng Energy unit.

Key Metrics and Future Focus

As of March 2026, CleanMax reported a total operational and contracted capacity of 5.7 GW, serving over 570 customers in the commercial and industrial (C&I) sector. Investors will be tracking the confirmation of project commissioning timelines for the Gujarat and Karnataka sites. Further details on the investment structure and equity stakes within the group-captive model, as well as any future expansion plans between CleanMax and Shell India, will also be of interest. Progress on CleanMax's planned IPO will be closely watched for its potential impact on future project financing.

Potential Risks

Key risks for the sector include potential regulatory challenges related to open access approvals and varying state-level charges. For this specific deal, successful execution and operational stability of the commissioned projects will be crucial.

Competitive Landscape

CleanMax operates in a competitive market with major players such as ReNew Energy Global PLC. Other significant competitors in the C&I renewable energy space include Tata Power Solar Systems Ltd, Azure Power, and Waaree Energies.