CleanMax to invest ₹50,000 crore in Andhra Pradesh green energy project
The investment aims to build a clean energy ecosystem and a 2 GW compute factory in Kurnool district.
CleanMax Enviro Energy Solutions Ltd plans to invest nearly ₹50,000 crore in Andhra Pradesh to establish an integrated clean energy ecosystem, according to The Economic Times. The project includes 3 GW of renewable energy capacity and 1 GW of pumped hydro storage to support a 2 GW green compute factory in Kurnool district.
The company signed a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) on Thursday. The compute factory is being developed alongside AI cloud provider Neysa, which will provide a 1 GW IT load for the facility.
The energy infrastructure will use wind and solar power combined with battery energy storage systems and pumped hydro to provide round-the-clock electricity. A special purpose vehicle owned by CleanMax will apply to the Andhra Pradesh Electricity Regulatory Commission (APERC) for a distribution licence to run a dedicated network.
Development will occur in phases, with a target of at least 1.5 GW of renewable capacity by 2029. The compute factory will use direct-to-chip cooling technology to reduce water use, drawing from industrial supplies provided by the local administration.
CleanMax founder and managing director Kuldeep Jain said the company is integrating generation, storage, and distribution with the computing load. He noted that computing is a major new source of power demand requiring constant clean energy.
The company also plans social initiatives, including upgrading local schools with United Way of Hyderabad and training youth through the Pratham Education Foundation. Neysa will provide computing resources to research institutions in the state.