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The Andhra Pradesh government has approved a 200 MW solar park by Yashaswa Power LLP, part of Clean Max Enviro Energy Solutions Pvt Ltd, with an investment of INR 1,200 crore. The facility, spanning 1,200 acres in Sri Sathya Sai district, will produce about 445 million units of clean electricity annually and generate nearly 690 jobs. CleanMax, which operates 2.5 GW of renewable assets, has launched a Rs 3,100-crore IPO, attracting anchor investors like Temasek and SBI Life. The project supports the state's clean energy goals and strengthens private investment in sustainable power.
The Andhra Pradesh government has approved a 200 MW solar power park to be developed by Yashaswa Power LLP, a group company of Clean Max Enviro Energy Solutions Pvt Ltd, which has initiated a Rs 3,100-crore mainboard IPO. The project involves an investment of INR 1,200 crore and will establish a 200 MW AC/300 MWp DC solar facility in Beechiganipalle and surrounding villages in Parigi Mandal, Sri Sathya Sai district, officials said. Advertisement
The solar park is expected to generate approximately 445 million units of clean electricity annually and create around 690 direct and indirect employment opportunities. Covering about 1,200 acres of mostly private land, the facility will connect to the 400/220 kV APTRANSCO Hindupur substation, ensuring stable grid integration and long-term power evacuation.
CleanMax, recognized as one of India's largest commercial and industrial renewable energy platforms, provides green energy and net-zero decarbonization solutions to over 550 corporate clients. The company operates around 2.5 GW of solar, wind, and hybrid assets, with additional capacity currently under development.
The ongoing Rs 3,100-crore IPO includes a fresh issue of INR 1,200 crore and an offer for sale of INR 1,900 crore by existing shareholders. The price band has been set at INR 1,000-1,053 per share, with listing planned on the BSE and NSE in early March. Institutional investors, including Temasek Holdings and SBI Life Insurance, have shown anchor participation in the issue.
Officials from Andhra Pradesh noted that the investment aligns with the state's clean energy initiatives, encouraging further private investment, supporting industrial decarbonization, and reinforcing the region's reputation as a preferred destination for large-scale renewable energy projects.
Founded in 2010, CleanMax's IPO is among the largest renewable energy public offerings in India this year, signaling strong investor confidence in the country's clean energy infrastructure and its shift toward sustainable power generation.
Source PTI
FAQ
1. What project has the Andhra Pradesh government approved?
The state has approved a 200 MW solar park to be developed by Yashaswa Power LLP, a group company of Clean Max Enviro Energy Solutions Pvt Ltd. The project involves an investment of INR 1,200 crore and will be located in Beechiganipalle and surrounding villages in Parigi Mandal, Sri Sathya Sai district.
2. What is the scale and output of the solar park?
The 200 MW AC/300 MWp DC solar facility will span about 1,200 acres and is expected to generate approximately 445 million units of clean electricity per year, contributing significantly to the state's renewable energy capacity.
3. How many jobs will the project create?
The solar park is expected to generate around 690 employment opportunities, covering both direct and indirect jobs in construction, operations, and related services.
4. How will the power be evacuated and integrated into the grid?
Electricity from the project will be connected to the 400/220 kV APTRANSCO Hindupur substation, ensuring stable grid integration and long-term power evacuation for industrial and commercial consumption.
5. What is CleanMax's IPO and investor response?
CleanMax has launched a Rs 3,100-crore mainboard IPO, comprising a fresh issue of INR 1,200 crore and an offer for sale of INR 1,900 crore by existing shareholders. Institutional investors including Temasek Holdings and SBI Life Insurance have participated as anchor investors, reflecting strong confidence in the renewable energy sector.
6. How does this project fit into broader clean energy goals?
The investment aligns with Andhra Pradesh's renewable energy initiatives, encourages further private sector participation, supports corporate decarbonization, and strengthens the region's position as a hub for large-scale sustainable energy projects. CleanMax's project also contributes to India's wider green energy transition.
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