AP clears Clean Max’s Rs 1,200 crore, 200-MW solar park
Project strengthens state’s clean-energy push
image for illustrative purpose
Amaravati: In a significant boost to Andhra Pradesh’s clean energy ambitions, the Andhra Pradesh Government has approved a 200 MW solar power park proposed by Yashaswa Power LLP, a group company of CleanMax Enviro Energy Solutions Pvt Ltd.
The project involves an investment of Rs1,200 crore and will facilitate the development of a 200 MW AC / 300 MWp DC solar park at Beechiganipalle and adjoining villages in Parigi mandal of Sri Sathya Sai district.
Informed sources said the project is expected to generate around 445 million units of clean electricity annually and create nearly 690 direct and indirect jobs. Spread across approximately 1,200 acres of predominantly private land, the solar park will be connected to the 400/220 kV APTransco Hindupur substation, ensuring grid stability and reliable power evacuation.
CleanMax, one of India’s largest commercial and industrial renewable energy platforms, provides green power and net-zero decarbonisation solutions to over 550 corporate clients. The company has an operational portfolio of around 2.5 GW across solar, wind and hybrid assets, with additional capacity under execution.
The approval comes as CleanMax prepares to launch a Rs3,100-crore mainboard IPO. The public issue, open from February 23 to 25, comprises a fresh issue of Rs1,200 crore and an offer for sale worth Rs1,900 crore by existing shareholders. The price band has been fixed at Rs1,000–1,053 per share, with listing proposed on the BSE and the NSE in early March.
The IPO has attracted strong anchor participation from institutional investors, including Temasek Holdings and SBI Life Insurance.
The Andhra Pradesh government said the investment aligns with the state’s clean energy push and is expected to catalyse further private capital inflows, strengthen industrial decarbonisation efforts, and reinforce Andhra Pradesh’s position 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’s equity markets this year, reflecting strong investor confidence in clean infrastructure and the country’s transition to sustainable power.
