Home / Business and Economy / Andhra Pradesh to host massive ₹50,000 crore clean energy investment
Andhra Pradesh to host massive ₹50,000 crore clean energy investment
12 Nov
Summary
- CleanMax commits ₹50,000 crore for clean energy development in Andhra Pradesh.
- Investment includes 3 GW renewable capacity and a compute factory.
- Project aims for round-the-clock power using wind, solar, and storage.
CleanMax Enviro Energy Solutions Ltd is making a substantial investment of ₹50,000 crore in Andhra Pradesh to develop a comprehensive clean energy ecosystem. This initiative aims to meet the escalating electricity demands from artificial intelligence and data centers.
The investment includes establishing 3 GW of renewable energy capacity and a 1 GW pumped hydro storage facility. This infrastructure will power a 2 GW green compute factory located in the Kurnool district, developed in partnership with AI cloud provider Neysa.
CleanMax has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board for this project. The integrated power infrastructure will combine wind and solar generation with pumped hydro and battery energy storage systems, ensuring continuous power supply for the compute facility.
Phased development is planned, targeting at least 1.5 GW of renewable energy capacity by 2029. A special purpose vehicle will seek a distribution license to establish a dedicated power network for the compute factory.
Beyond energy infrastructure, CleanMax is committed to social responsibility, partnering with organizations to upgrade local primary schools and Anganwadis. Additionally, training programs will be provided for local youth to secure jobs in the compute facilities, and specialized training will be offered to students in advanced cooling and power systems.
