Commercial Energy Supply Contract / Strategic Customer Agreement
CleanMax to Supply ~30 MW Hybrid Renewable Power to Shell India Assets
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CleanMax announced supply of renewable electricity to Shell India assets in Gujarat and Karnataka through hybrid wind-solar projects with combined installed capacity of ~30 MW, including a 16.83 MW project in Gujarat and 13.2 MW project in Karnataka.
PRICE-SENSITIVE TRIGGER
Event: Renewable power supply arrangement with Shell India
Type: Commercial Energy Supply Contract / Strategic Customer Agreement
Impact: Positive
Immediate Effect: Strengthens contracted capacity pipeline and reinforces C&I renewable energy positioning
Financial Snapshot
- Combined Installed Capacity: ~30 MW
- Gujarat Project: 16.83 MW
- Karnataka Project: 13.2 MW
- Estimated Renewable Energy Generation: 66,832 MWh annually
Highlight:
Secured significant commercial clean energy engagement with Shell India, covering ~30 MW hybrid renewable capacity.
What Happened ?
CleanMax announced it will supply renewable power from hybrid wind-solar projects to Shell India assets under a group-captive framework.
Projects include:
- Power supply to Shell’s LNG terminal at Hazira
- Power supply to Shell Technology Centre in Bengaluru
key highlights
Operational Milestone
- Hybrid wind-solar renewable supply arrangement
- Two-site deployment
- Long-term commercial renewable power relationship
Strategic Significance
- Gujarat
- 83 MW total
- 6.93 MWp solar
- 9.90 MW wind
- Karnataka
- 2 MW total
- 9.9 MWp solar
- 3.3 MW wind
Business Context
- Strengthens commercial & industrial (C&I) customer base
- Supports contracted renewable capacity growth
- Enhances visibility in corporate decarbonization solutions
Risk Analysis
Key Risks
- Project execution / commissioning delays
- Generation performance risk
- Counterparty / PPA structure risks
- Regulatory risks in captive/group-captive framework
Worst Case Scenario
Execution or regulatory issues delay commissioning or affect contracted economics
Risk Level: Medium
Company Commentary
- Strengthening role as Net Zero solutions provider
- Supporting Shell’s decarbonization roadmap
- Expanding C&I renewable energy footprint
Official Exchange Filing: Clean Max Enviro Energy Solutions Ltd