The company reported revenue from power supply of INR 11,602 crore in FY 2026, marking a 22% year-on-year increase. EBITDA from power supply rose 23% YoY to INR 10,865 crore—almost twice the annual EBITDA for FY23.
CleanMax’s 16.83 MW wind–solar hybrid project in Gujarat will supply renewable power to Shell’s LNG terminal at Hazira, Surat. Its 13.2 MW wind–solar hybrid project in Karnataka will power Shell’s Technology Centre in Bengaluru.
CleanMax has signed a round-the-clock renewable power supply agreement with Sangam India Ltd for a 30 MWp solar and 20 MW wind hybrid renewable project, backed by a 2 MWh battery energy storage system.
The 185 MW wind-solar hybrid project commissioned at Kalavad serves 17 corporate customers under group captive model to support demand of energy-intensive manufacturing.
Adani Green Energy Ltd commissioned 5,051 MW of renewable energy capacity in the financial year 2025–26, the highest by any company globally in a single year, excluding China.
Adani Green Energy Ltd (AGEL) has commissioned 926 MW of solar and 25 MW of hybrid projects across Gujarat and Rajasthan.
Designed to support Jindal Stainless’ transition to a cleaner and more resilient energy mix, the 315.6 MW hybrid wind-solar project is being developed by Oyster Renewable with a total investment of over INR 2,000 crore, including a committed investment of INR 132 crore from Jindal Stainless.
CleanMax Enviro Energy Solutions stated that the acquisition of Kintech Solarbikaner will support the company’s growth and further development of its wind-solar hybrid renewable energy capacity in the state of Gujarat.
As India’s clean energy ambitions scale, investment will increasingly follow regions that can deliver outcomes, not just intent. Gujarat’s experience suggests that long-term renewable growth depends as much on institutional preparedness and grid integration as it does on natural resources.
Solar Energy Corp. of India (SECI) has invited bids from developers to set up renewable energy projects on a build-own-operate (BOO) basis to supply 1 GW of power on a round-the-clock (RTC) basis. Energy storage systems (ESS) will be a mandatory component of the projects.
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