Clean Max Enviro Energy Solutions (CleanMax), a leading commercial and industrial (C&I) renewable energy company in Asia, has entered into a 25-year-long Power Purchase Agreement (PPA) with Bangalore International Airport Limited (BIAL) for the procurement of renewable energy from a 45.9 MW Solar-Wind Captive Power Project established under a Special Purpose Vehicle (SPV) named CLEAN MAX BIAL RENEWABLE ENERGY PRIVATE LIMITED.
The captive power project, situated in the solar-wind farm located in Jagaluru, Karnataka, and owned and operated by CleanMax, will comprise 36 MWp of solar power and 9.9 MW of wind power plants. Combining solar and wind technologies ensures a reliable and continuous power supply, effectively managing consumption load. This collaboration further strengthens the existing relationship between CleanMax and BIAL, underscoring their shared commitment to sustainable energy practices.
Mr. Hari Marar, Managing Director & Chief Executive Officer of BIAL, emphasized the airport’s dedication to creating a positive impact on customers, partners, the community, and the environment. He highlighted BIAL’s expansion plans and various initiatives to promote onsite and offsite renewable energy generation, emphasizing the importance of the long-term agreement with CleanMax in meeting renewable energy requirements while achieving substantial cost savings and promoting sustainability.
Mr. Kuldeep Jain, Founder and Managing Director of Clean Max Enviro Energy Solutions Pvt. Ltd., expressed the company’s commitment to shaping a sustainable future through collaboration with BIAL. He noted that the partnership reflects India’s shift towards clean energy and CleanMax’s leadership in corporate sustainability, showcasing innovative solutions for corporate clients since its inception in 2011.
The project aims to source approximately 90 million units of energy annually, providing around 58.3 million units of solar power and 31 million units of wind power utilizing existing grid infrastructure. This initiative is expected to yield approximately 90 GWh of renewable energy annually, resulting in a reduction of approximately 642 lakh kilograms (64,200 metric tonnes) of CO2 emissions, equivalent to planting approximately 11 lakh trees annually. The Jagaluru wind-solar farm, with a total capacity of 290 MW, plays a significant role in reducing carbon emissions, expected to mitigate approximately 54,88,000 tons of CO2 equivalent.
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