Project Overview

Clean Max Enviro Energy Solutions Limited (CleanMax) has partnered with Nuvoco Vistas Corp. Ltd. (Nuvoco) to develop a 46.4 MW wind-solar hybrid renewable energy project in Rajasthan. The project is located in Bhikamkhore, Rajasthan and comprises:

  • 20 MW of wind capacity
  • 26.4 MWp of solar capacity
  • 2-MWh Battery Energy Storage System (BESS)

The project is developed under a group captive structure designed for long-term clean energy procurement.

Technical Specifications and Expected Output

  • Once operational, the hybrid project is expected to generate approximately 100 million units (MU) of renewable electricity annually
  • Expected to avoid ~62,023 tonnes of CO₂ emissions annually under Scope 2
  • Expected to avoid ~63,463 tonnes of CO₂ emissions annually under Scope 1
  • Total expected CO₂ emission avoidance: ~125,486 tonnes annually

Power Supply Arrangement

Power generated from the project will be supplied to Nuvoco through the State Transmission Utility (STU) Open Access network.

Strategic Context for Nuvoco

The project supports Nuvoco's ongoing efforts to reduce the carbon intensity of its manufacturing operations through:

  • Renewable energy adoption
  • Waste Heat Recovery Systems (WHRS)
  • Energy-efficiency measures
  • Increased use of alternative fuels

The initiative advances Nuvoco's DIRE (Digitalisation, Innovation and Renewables) agenda, which provides a structured pathway to drive:

  • Climate action
  • Renewable energy transition
  • Water stewardship
  • Circularity
  • Biodiversity conservation

CleanMax Portfolio Expansion

The project adds to CleanMax's growing renewable energy footprint in Rajasthan, one of its key markets for large-scale development catering to C&I clients. CleanMax has an operational portfolio of over 525 MW across solar, wind and hybrid assets in Rajasthan.

Management Commentary

Kuldeep Jain, Founder and Managing Director, CleanMax stated: "Cement plants run continuously, so the power behind them has to be dependable for decades, not years. We're seeing manufacturing industries view clean energy as an integral part of their core operations and long-term strategy. Our partnership with Nuvoco reflects that shift, and we're pleased to support its decarbonisation journey. This wind-solar hybrid project is designed to deliver long-term cost certainty while supporting the company's transition to cleaner power."

Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd. commented: "This marks an important step in advancing Nuvoco's journey towards more sustainable and resilient operations. Our collaboration with CleanMax will increase the share of renewable energy across our Rajasthan operations, strengthening our energy mix while improving long-term cost efficiency and reducing our dependence on conventional power sources. Initiatives such as these reinforce our commitment to operational excellence and responsible growth, while supporting our vision of Building a Safer, Smarter and Sustainable World."

Industry Context

The partnership reflects the evolving role of renewable energy in supporting the energy requirements of India's industrial sector. As businesses work to improve energy efficiency, manage operating costs and reduce emissions, renewable energy solutions are increasingly being considered as part of long-term energy strategies.

About the Companies

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 6.0 GW as of June 30, 2026, with 79% of new contracted capacity driven by existing customers. CleanMax serves approximately 600 customers across technology, digital infrastructure, manufacturing, and industrial sectors, with Data Centres & AI infrastructure customers contributing 42% of its contracted RE Power Sales portfolio. The company has been assigned a corporate credit rating of 'CRISIL AA/Stable'.

Nuvoco is a building materials company with total cement capacity of 35 MMTPA. The company reported total income of Rs. 11,362 crore in FY 2025-26. Nuvoco offers a diversified business portfolio in three business segments: Cement, Ready-Mix Concrete (RMX), and Modern Building Materials (MBM).