Clean Max Enviro Energy Solutions Limited has significantly expanded its renewable energy partnership with STT GDC India, scaling their collaboration beyond 130 MW of hybrid renewable energy capacity. The expansion includes additional Power Purchase Agreements executed in April 2026, featuring a new 21 MWp solar capacity addition to strengthen India's AI-ready digital infrastructure.

The latest agreement enhances CleanMax's existing wind-solar hybrid power supply to STT GDC India's data centers in Chennai, Tamil Nadu. The partnership now encompasses reliable hybrid renewable energy capacity across key data center hubs in Tamil Nadu and Maharashtra.

Partnership Structure and Investment Details

As part of the arrangement, STT GDC India will scale its contracted green energy capacity in captive mode, with a 26% equity investment in the renewable energy project. This model integrates solar and wind resources to ensure a round-the-clock renewable energy supply, addressing the increasing energy demands driven by AI-led workloads.

The partnership covers data centers across Tamil Nadu and Maharashtra with a round-the-clock hybrid wind-solar power supply. The additional solar capacity totals 21 MWp, while the overall partnership capacity extends beyond 130 MW. STT GDC's 26% equity investment in renewable energy projects represents a significant financial commitment to the collaboration.

Strategic Significance for Digital Infrastructure

The partnership reflects a strategic approach by data center operators to integrate renewable energy solutions into their core operations for AI-ready infrastructure. According to Mr. Kuldeep Jain, Managing Director of Clean Max Enviro Energy Solutions Limited, the collaboration represents a broader shift among digital infrastructure service providers to embed clean energy into their business strategies as AI and data-led growth accelerates.

Mr. Bimal Khandelwal, Chief Executive Officer of STT GDC India, emphasized the company's commitment to sustainable growth, noting that STT GDC India remains on track towards carbon neutrality by 2030, with renewables contributing approximately 70% of their energy mix as of CY 2025.

CleanMax's Market Position and Business Metrics

The expanded partnership strengthens CleanMax's position in India's digital infrastructure sector. The AI and data center segment now represents a significant portion of the company's business portfolio. As of March 2026, CleanMax reports a total contracted capacity of 5.70 GW across its operations.

The AI and data center segment represents approximately 42% of CleanMax's contracted capacity. The company serves 570+ customers and maintains a geographic presence across India, the Middle East, and Southeast Asia. This represents nearly a tenfold expansion in the AI and data center segment over the past two years, positioning CleanMax as a key partner in supporting the digital economy's transition towards sustainable operations.

Industry Context and Energy Management Evolution

The surge in AI-driven workloads and always-on digital services is transforming how data centers approach energy management. Energy solutions have evolved from background enablers to central components of infrastructure performance and cost-efficiency strategies. The partnership demonstrates how renewable energy solutions are becoming critical for ensuring reliability while meeting sustainability expectations in an increasingly compute-intensive environment focused on AI-ready capabilities.

Recent Corporate Financial Activities

Clean Max Enviro Energy Solutions Limited has issued additional corporate guarantees totaling USD 18.39 million for two subsidiary companies on March 26, 2026. This latest development follows the company's earlier approval of corporate guarantees worth USD 36.56 million for seven subsidiaries during a Risk Management Committee meeting held on March 24, 2026.

The company disclosed the issuance of corporate guarantees for Clean Max Como Private Limited and Clean Max Pacific Private Limited under Regulation 30 of SEBI Listing Regulations. Clean Max Como Private Limited received USD 8.98 million in guarantees, while Clean Max Pacific Private Limited received USD 9.41 million. These guarantees have been extended in favor of lenders as security for term loan facilities availed by the respective subsidiaries.

Earlier, on March 24, 2026, the Risk Management Committee had approved corporate guarantees totaling USD 36.56 million for seven other subsidiary companies during a meeting held from 3:00 p.m. to 5:00 p.m. The previous subsidiary guarantees included Clean Max Ame Private Limited (USD 2.22 million), Clean Max Bryce Private Limited (USD 2.27 million), Clean Max Centaurus Private Limited (USD 10.11 million), Clean Max Godavari Private Limited (USD 8.65 million), Clean Max Yellowstone Private Limited (USD 6.43 million), Clean Max Narmada Private Limited (USD 3.62 million), and Clean Max Iguazu Private Limited (USD 3.26 million).

The corporate guarantees have been issued on an arm's length basis, with promoters, promoter groups, and group companies having no interest in these transactions. The guarantees serve as security for term loan facilities availed by the respective subsidiaries, all of which form part of the consolidated group structure. The combined guarantee commitments now total USD 54.95 million across nine subsidiary companies.

According to the regulatory disclosure, the corporate guarantees constitute contingent liabilities for Clean Max Enviro Energy Solutions Limited. The company has stated that as of the current date, there is no impact of these guarantees on the company's operations. The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, and Company Secretary and Compliance Officer Ullash Parida signed the regulatory filing.

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