Overview
- CleanMax announced Wednesday that the partnership includes 837 MW of new solar and wind projects in Rajasthan and Karnataka, which combined with earlier initiatives brings the tied capacity to more than 900 MW.
- Under the deal Meta will purchase 100% of the projects’ environmental attributes, tradable certificates that let companies claim the climate benefits of specific renewable generation for their emissions accounting.
- CleanMax will develop and operate the new facilities, drawing on its multi‑gigawatt pipeline and handing Meta a long‑term supplier for green power tied to its data centers and AI infrastructure.
- Investors reacted strongly to the announcement, sending CleanMax shares higher in morning trade and to intraday record levels as analysts highlighted clearer revenue visibility for the developer.
- The agreement reflects a wider trend of large tech firms using long‑term renewable contracts to decarbonize operations in India and could speed new grid generation and local supply for data center demand.