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News & Updates

Catch up with the latest news and developments at CleanMax Solar. Track the company’s progress as it brings renewable energy within easy reach for businesses in South Asia.

  • SEE GREEN SEE LIFE

    The quantum of built-up area envisaged to be urbanized is simply humongous. Therefore, in order to extricate itself from the present scenario, India must follow the principles of sustainability. After all, the construction and operation of buildings have an enormous impact on the local environment, and also on greenhouse gas emissions.

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  • CleanMax Solar to install rooftop unit at AP Secretariat

    CleanMax Solar is set to install a 842 kWp rooftop solar power unit at the Andhra Pradesh Secretariat in Amaravati.

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  • Depreciating currency Is the Sun still shining?

    Solar industry is a net importer wherein 60 per cent of the project cost is linked to PV modules, so if the rupee depreciates by 10 per cent, it will increase the capex requirement by 5-6 per cent. So, the current trend of rupee depreciation will, in turn, lead to an increase in the solar tariffs. Nikunj Ghodawat, CFO, CleanMax Solar says, “At CleanMax Solar, we factor the currency risk upfront while negotiating the PPA tariffs and it is relatively less complex for rooftop project as capex cycle is low. For the utility-scale project, it’s difficult to perfectly hedge this risk.”

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  • Solar industry welcomes RBI decision

    “The RBI decision is in line with the market expectation, considering stable inflation outlook. Given the current liquidity situation across banks and financial institutions, even a marginal increase in interest rate would have been very difficult to absorb by businesses,” said Mr Nikunj Ghodawat, CFO, CleanMax Solar.

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  • Going green & digital

    At the fourth edition of The Machinist Global Manufacturing Summit (GMS 2018), the audience witnessed a sneak peek into the future. Sunil Joshi, Vice President Digital Machining – South & East Asia, Sandvik Coromant presented on the future of manufacturing with advanced solutions such as Connected Coroplus.

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  • Rooftop solar runs into roadblocks

    The state-owned electricity distribution companies’ apathetic approach coupled with the lack of appropriate financing options available in the market are seen to be impeding the uptake of rooftop solar in the country.

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  • Rooftop solar runs into roadblocks

    The state-owned electricity distribution companies’ apathetic approach coupled with the lack of appropriate financing options available in the market are seen to be impeding the uptake of rooftop solar in the country.

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  • Enara Group, CleanMax Solar Company partner up to build solar power projects

    Enara Group signed yesterday a partnership agreement with India’s CleanMax Solar to build 200 MW-worth of solar power projects over the next three years under a JV. The projects will include on site/rooftop panels and solar farms. No details on the investment value or the locations of the projects were disclosed.

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  • Ground Report: Chennai Metro Rail Goes Solar To Cut Energy Cost

    Use of renewable energy is key to Chennai Metro’s financial health, and with solar power panels installed at its various premises, it is headed in the right direction. The Chennai Metro Rail Limited (CMRL) administrative office at Koyambedu is a stone’s throw from the Koyambedu Metro Rail Station. There is nothing unique about the administrative building. But there is something special about the car parking sheds there.

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  • Pune’s Smart City solar mission was inaugurated by Power Minister

    The smart solar project launched by Pune smart city development corporation ltd and Baner society was inaugurated by the states power minister Chandrashekhar Bawankule. The contract to put up solar panels in Pune city and adjoining places has been given to CleanMax Enviro Energy Solutions pvt ltd, TEP solar and Aditya green energy private ltd.

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