Partnership Overview
Meta Platforms, Inc. (NASDAQ: META) and Clean Max Enviro Energy Solutions Limited have announced a ~900 MW renewable energy partnership in India. The companies will support the development of 837 MW of new solar and wind capacity across Rajasthan and Karnataka. Combined with previously announced projects, the partnership now represents more than 900 MW of renewable energy capacity.
Project Details
CleanMax will develop and operate 837 MW of new renewable energy capacity comprising large-scale solar and wind projects across Rajasthan and Karnataka. Meta is purchasing 100% of the environmental attributes from these projects. The renewable energy projects support Meta's efforts to add new generation to the grid and advance its goal of matching its electricity use with 100% clean and renewable energy, while also helping address Meta's value chain emissions in the region.
Strategic Significance
The announcement builds on an existing relationship between the two companies and reflects the growing role of innovative corporate procurement models in accelerating India's energy transition. The collaboration reinforces CleanMax's position as a long-term sustainability partner for corporate customers pursuing large-scale decarbonization initiatives. As digital infrastructure expands rapidly, this partnership highlights the role of renewable energy in supporting long-term growth while advancing decarbonization goals.
Company Background
CleanMax is India's largest pureplay Commercial & Industrial (C&I) renewable energy company with more than 15 years of operations. The company's contracted renewable energy portfolio reached 5.7 GW in FY 2025-26, with approximately 74% of new contracted capacity driven by existing customers, reflecting strong customer retention and long-term business visibility.
Customer Base
CleanMax today serves 588 customers across technology, digital infrastructure, manufacturing, and industrial sectors. Data Centres & AI infrastructure customers contribute 42% of its contracted RE Power Sales portfolio. The company serves companies across industries including data centres, AI and technology, cement, steel, industrial manufacturing, FMCG, pharmaceuticals, real estate and global capability centers.
Credit Rating Update
In May 2026, CARE Ratings upgraded CleanMax's credit rating to CARE AA-/Stable, underscoring the company's robust performance, expanding portfolio, and improved financial outcome.
Management Commentary
Kuldeep Jain, Founder and Managing Director, Clean Max Enviro Energy Solutions Limited stated: "Meta connects billions of people every day through platforms such as Facebook, Instagram, WhatsApp and Threads while helping shape the future of digital and AI infrastructure. We are thrilled to partner with Meta. Every generation builds infrastructure that defines its future. For us, that infrastructure is increasingly digital, AI-driven and interconnected. It must also be powered by clean energy. We look forward to supporting Meta's renewable energy ambitions while contributing to India's clean energy transition."
Amanda Yang, Head of Clean and Renewable Energy, Meta stated: "These agreements represent meaningful progress in supporting our renewable energy goals in the region. We're pleased to continue working with CleanMax to help bring new renewable energy capacity onto the grid in India and support the growth of the country's clean energy ecosystem."