CleanMax Says It Will Invest About Rs 50,000 Crore in Andhra
CleanMax signed an MoU with the Andhra Pradesh Economic Development Board for a clean energy complex that will power a 2 GW compute factory with Neysa in Kurnool.
Key Takeaways
- CleanMax signed an MoU with the Andhra Pradesh Economic Development Board and said it proposes to invest about Rs 50,000 crore.
- The plan covers 3 GW of wind and solar capacity and 1 GW of pumped hydro storage.
- The power will supply a 2 GW Green Compute Factory in Kurnool district, built with AI cloud provider Neysa.
- Neysa will anchor the park with 1 GW of IT load, CleanMax said.
- CleanMax said at least 1.5 GW of renewable capacity is proposed by 2029.
Table of Contents 6 sections
CleanMax, the listed renewable energy company Clean Max Enviro Energy Solutions, has signed a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board under which it said it proposes to invest about Rs 50,000 crore in an integrated clean energy complex. The MoU was signed on November 12, 2026, at the 31st CII Partnership Summit in Visakhapatnam.
The complex will supply power to a 2 GW Green Compute Factory in Kurnool district, which CleanMax is developing with Neysa, an AI cloud provider backed by Blackstone. CleanMax said it will build 3 GW of wind and solar capacity and 1 GW of pumped hydro storage, with at least 1.5 GW of renewable capacity proposed by 2029.
CleanMax's Andhra Pradesh investment at a glance
| Detail | Value |
|---|---|
| Company | Clean Max Enviro Energy Solutions (CleanMax) |
| Agreement | MoU with the Andhra Pradesh Economic Development Board |
| Proposed investment | About Rs 50,000 crore, as stated by CleanMax |
| Wind and solar capacity | 3 GW |
| Pumped hydro storage | 1 GW, alongside battery storage (BESS) |
| Compute factory size | 2 GW |
| Anchor customer | Neysa, with 1 GW of IT load |
| Location | Kurnool district, Andhra Pradesh |
| Renewable capacity proposed by 2029 | At least 1.5 GW of renewable capacity by 2029 |
| Signed | November 12, 2026, at the 31st CII Partnership Summit, Visakhapatnam |
How CleanMax plans to power the Kurnool compute factory around the clock
CleanMax sells renewable power to commercial and industrial customers. In its announcement, the company said it will bring generation, storage and distribution together in one system. Wind and solar plants will produce power at different times of the day and year, while pumped storage and battery storage will balance supply to meet round-the-clock demand.
CleanMax said its own distribution network will deliver this power to the 2 GW Green Compute Factory. A special purpose vehicle owned and operated by CleanMax will apply to the Andhra Pradesh Electricity Regulatory Commission for a distribution licence, giving the park its own dedicated power network. Neysa will anchor the park with 1 GW of IT load, the company said.
CleanMax also said the compute factory will limit water use through direct-to-chip cooling and will draw on water supplies set aside for industrial use by the local administration.
Kuldeep Jain on building power and compute together
"Compute is becoming one of the largest new sources of power demand, and it needs clean energy that is available every hour of the day. In Andhra Pradesh, we are planning generation, storage and distribution integrated with the compute load they serve, rather than one after the other."
What CleanMax says it will do for local schools and jobs
CleanMax said it will help upgrade local primary schools and anganwadis with United Way of Hyderabad. The company said it will also work with Pratham Education Foundation to train local youth for entry-level jobs in compute factories, and run programmes in advanced cooling and power systems for final-year students at local ITIs and engineering colleges. CleanMax said its partner Neysa will provide compute to research institutions in Andhra Pradesh.
Where CleanMax's Kurnool clean energy plan stands now
CleanMax said the MoU covers a proposed investment of about Rs 50,000 crore in 3 GW of wind and solar capacity and 1 GW of pumped hydro storage for a 2 GW compute factory in Kurnool. CleanMax said the projects will be built in phases, with at least 1.5 GW of renewable capacity proposed by 2029.
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Frequently Asked Questions
What is CleanMax?
How much will CleanMax invest in Andhra Pradesh?
Who did CleanMax sign the MoU with?
When and where did CleanMax sign the MoU?
What will CleanMax build under the MoU?
What is the CleanMax Green Compute Factory?
Who is CleanMax's partner for the compute factory?
How much capacity will CleanMax build by 2029?
How will CleanMax supply power round the clock?
How will CleanMax distribute power inside the park?
How will the CleanMax compute factory manage water use?
Who leads CleanMax?
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