CleanMax Solar bags ‘India Green Energy Award’ by Indian Federation of Green Energy
The company has won the award for their 145 MW Sedam solar farm, under the category ‘Outstanding Renewable Energy Generation Project’
CleanMax Solar, India’s most trusted sustainability partner for corporates, was awarded the ‘India Green Energy Awards 2018’ under the category of ‘Outstanding Renewable Energy Generation Project- Solar’ in Private Sector. The company won this award for its 145 MW solar farm at Sedam, Gulbarga District, Karnataka which supplies solar power to corporates like Adobe, ACC, United Breweries, SKF, Volvo and others. The award was received on 7th September 2018 at New Delhi; by Mr Tejus AV, Head – Solar Farms and Mr Murugan V, Head – Construction (Sedam Farm), on behalf of CleanMax Solar. Hon’ble Shri Suresh Prabhu, Minister of Commerce and Industry, Government of India graced the event with his presence as the Chief Guest.
The India Green Energy Awards are organized by the Indian Federation of Green Energy, a body of visionaries and stakeholders from diverse industries, business and services for creating a sustainable energy ecosystem. CleanMax Solar’s Sedam project was commissioned in March 2018 under Karnataka’s 2014 Open access policy which enables large businesses to switch to solar power in a low-risk and zero-investment manner. In total, the project will abate 150,000 tons of CO2 annually.
On this occasion, Mr. Andrew Hines, Co-Founder, CleanMax Solar, said “We are extremely humbled and honoured to receive this prestigious and nationally recognised award from the Indian Federation of Green Energy. CleanMax Solar commissioned Karnataka’s first open access solar farm in 2016, and we have executed three more such projects in 2017 and 2018. Our Sedam farm supplies solar power to leading IT companies, manufacturers and other corporates in Bangalore and across Karnataka. The Sedam project, the largest of its kind across India, has reaffirmed our belief that large corporates are eager to play their part in fighting climate change by switching to clean energy for their operations.”
Today CleanMax Solar’s total private solar farm operating capacity is 330MW, making it the largest open access solar developer in India. Its solar projects supply clean energy to more than 40 MNCs and other corporate customers. In 2017, CleanMax Solar received a USD 100 million equity funding from Warburg Pincus, a global private equity firm, and International Finance Corporation (IFC), a member of the World Bank Group. The investment from IFC is the first equity investment globally by the World Bank Group in the distributed generation sector.
