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India's Clean Max plans $5.3 billion clean energy investment to power AI computing facility

By Reuters News

Nov 12 (Reuters) - Clean Max Enviro Energy Solutions CLEM.NS said on Thursday it plans to invest nearly 500 billion rupees ($5.34 billion) to build an integrated renewable energy complex that will power a 2-gigawatt AI computing facility in India's Andhra Pradesh.

  • The company has signed a memorandum of understanding with the state government to develop 3 GW of wind and solar power generation capacity and 1 GW of pumped hydro storage facilities over the next five years

  • The projects will support round-the-clock electricity supply to the computing facility being developed in the Kurnool district in collaboration with Blackstone-backed AI cloud provider Neysa

  • The announcement follows a string of major investment proposals in Andhra Pradesh on Thursday, including Reliance Industries' RELI.NS planned $4.6-billion coal-to-gas project and a $2-billion investment by Kia and its suppliers in a second manufacturing plant

  • Neysa will anchor the Kurnool facility with 1 GW of computing capacity, while Clean Max will develop the power generation, storage and distribution infrastructure

  • Clean Max said the projects would be developed in phases, with at least 1.5 GW of renewable energy capacity proposed to be developed by 2029

  • Clean Max, listed on Indian stock exchanges in March, said data centre and AI infrastructure customers accounted for 41% of its contracted renewable energy power sales portfolio as of September

($1 = 93.6400 Indian rupees)

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