CleanMax signs ₹50,000 crore MoU with Andhra Pradesh for 2 GW green compute hub

what happened

Clean Max Enviro Energy Solutions on Thursday, November 12, signed a memorandum of understanding with the Andhra Pradesh Economic Development Board (APEDB), according to TradingView. The company plans to invest nearly ₹50,000 crore in an integrated energy complex combining 3 GW of renewable capacity with 1 GW of pumped hydro storage.

The complex is designed to deliver round-the-clock electricity to a 2 GW compute factory in Kurnool district, being built together with Neysa, an artificial intelligence cloud provider. CleanMax will build the generation infrastructure and its own distribution network. Wind and solar output will be balanced by pumped storage and battery systems.

Neysa will anchor the park with a 1 GW IT load. The facility will use direct-to-chip cooling to limit water use. Shares of CleanMax closed on the BSE at ₹1,311.35, up ₹55.10, or 4.39%.

why it matters

For markets, the deal signals that AI computing is becoming one of the largest new sources of power demand, which supports long-term clean energy projects. It is still a memorandum, so the actual investment size and timing depend on later decisions and approvals, including a distribution licence from APERC.

market impact

Indian renewables: rising AI data centre power demand supports interest in CleanMax's projects

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