CleanMax의 AI 및 데이터센터 전력 포트폴리오가 2년에 걸쳐 10배 확대되었으며, 하이퍼스케일러의 재생에너지 수요에 의해 주도되었습니다.

CleanMax, a homegrown renewable energy company based in Mumbai, is strategically positioned to capitalize on accelerating artificial intelligence adoption in India and the resulting surge in data center power demand, according to analysts.

Governments in Gujarat and Andhra Pradesh have mandated green energy sourcing as a requirement for state incentives, creating tailwinds for renewable energy providers. India's data center demand has scaled from 500MW–1GW in FY19 to 2.5GW at present, with AI and standard data centers projected to add 26.3GW of power load by FY32, according to the Ministry of Power. Longer term, electricity consumption by data centers is forecast to account for 7% of India's total electricity demand by 2040.

CleanMax has established significant presence in this sector. At end-June 2026, 42% of the company's total renewable energy contracted capacity of 2.5GW originated from data center and AI customers—a ten-fold increase from 0.24GW at end-March 2024, according to JM Financial research. These contracts are backed by firm power requirements and structured as long-term power purchase agreements with tenures exceeding 23 years, providing strong revenue visibility and limited exposure to data center capex deceleration risks.

The company holds a market share of over 35% of renewable energy deals signed with hyperscalers since 2024 and has executed more than 40 transactions across seven colocation providers. Its hyperscaler portfolio includes a 900MW engagement with Meta Platforms Inc., a ₹100 crore co-investment partnership with Apple, and an expanded relationship with STT exceeding 130MW. It has signed a new partnership with Iron Mountain and serves customers including Cisco, Equinix, NTT Data, Princeton Digital Group, CEAT, Gujarat Alkalies and Chemicals Limited, and L&T Data Center.

CleanMax's total operational capacity grew from 1GW in March 2023 to 4.2GW by June 2026. The company leads the renewable energy open access market with a 13.6% share, ahead of nearest rival Serentica at 9.7%.

According to Macquarie Equity Research, "CleanMax's historical growth was built around conventional commercial and industrial customers seeking to reduce electricity costs and decarbonise manufacturing operations. Data centers and global technology companies add a second, structurally different demand pool."