CleanMax, a Brookfield-backed renewable energy solutions provider for the Commercial and Industrial (C&I) sector, has partnered with Toyota Tsusho India Pvt Ltd (TTIPL) to support clean energy adoption by Japanese corporates operating in India.
TTIPL is a wholly owned subsidiary of Toyota Tsusho Corp. Japan— one of Japan’s largest developers in the renewable energy sector—and operates in seven strategic areas, including mobility, circular economy, and green infrastructure.
The partnership will leverage synergies between both companies to develop and operate 300 MW of renewable energy projects for corporates by March 2028.
The newly created entity will serve as a platform for clean energy adoption by Japanese corporates in India through long-term corporate power purchase agreements. It will provide comprehensive green energy solutions tailored to each company’s needs, including rooftop solar projects, stand-alone ground-mount solar or wind projects, wind-solar hybrid projects and carbon credits.
Kuldeep Jain, founder & managing director, CleanMax, said, “The partnership with Toyota Tsusho is a prestigious landmark for us. We’re delighted to support their journey in India, with an aim to enable Japanese corporates including Toyota Group reach their net-zero goals. This solidifies CleanMax’s strategy around global collaborations focused on helping corporations reduce their carbon footprint, while enabling the company to achieve its growth targets in a more capital-efficient manner.”
Nobuaki Yahiro, managing director, TTIPL, said, “This initiative is a strategic step to enable decarbonization for our group and partners in India towards a carbon-neutral future. The partnership with CleanMax aims to facilitate availability of reliable, long-term renewable power to customers and our shared vision for sustainability will help accelerate India’s shift to renewable energy.”
The collaboration taps into CleanMax’s track record of executing large-scale and long-term renewable energy projects and Toyota Tsusho’s deep-rooted network among Japanese businesses operating across India’s industrial corridors.
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