CleanMax has built a 400 MW wind farm in India, which it claims is the country’s largest single hybrid project for commercial and industrial (C&I) use.
CleanMax, a Mumbai-based renewable energy specialist, has announced the commissioning of a 400 MW wind-solar hybrid facility for commercial and industrial customers. The developer said the project is located in the Indian state of Gujarat and was commissioned within 14 months.
The facility has 70 wind turbines, 2,52,010 solar panels and 133 inverters. It helps offset 7,41,440 tons of carbon dioxide emissions per year.
CleanMax manages more than 1.6 GW of operational wind and solar projects. It is backed by institutional investors such as Brookfield Renewable, Augment Infrastructure and the Danish Investment Fund (IFU). Recently, it raised $360 million from Brookfield Renewable. The developer said the funding will support its growth plans to become a 5GW platform in the next three to four years.
Fourth Partner Energy has commissioned a 70 MW wind-solar project in Gujarat as a separate development project. Bidders include Filatex, Linde, Nexus Malls (a company belonging to the Blackstone Group) and Deccan Chemicals.
Fourth Partner Energy said it completed the project in 10 months. It estimates that the plant will produce almost 163 million units of clean energy annually. The project has 14 wind turbines supplied by GE.
Karan Chadha, director of business development at Fourth Partner Energy, said the 70 MW plant is the first of many hybrid projects Fourth Partner Energy has in the pipeline. The company will soon commission projects in Karnataka, Tamil Nadu and Maharashtra.
“India’s C&I renewables market is expected to grow by over 45 GW over the next five years – and Fourth Partner Energy is committed to meeting this demand by offering a full suite of integrated RE solutions,” Chadha said.
Fourth Partner Energy supplies 10.8 MW of electricity to Filatex, one of India’s leading polyester yarn manufacturers. The hybrid facility has been financed by Aseem Infrastructure Finance, which is supported by NIIF (National Investment and Infrastructure Fund). Aseem Infra provided a customized debt solution of up to INR 300 million for the project.
Fourth Partner Energy has installed 1.3 GW of solar and wind farms and is targeting a 3 GW portfolio in India and Southeast Asia by 2025.
“For renewable energy, we are currently focusing on Karnataka, Tamil Nadu, Uttar Pradesh, Maharashtra and Gujarat. We believe the Centre’s waiver of transmission charges for renewable energy projects under ISTS (Inter State Transmission System) will be a game changer,” Chadha said. The fourth partner’s energy is currently supported by Norfund and TPG’s RISE Fund. “We are currently constructing a 600 MW project in Karnataka under this mechanism.”
