Order Win / Long-term Power Supply Contract
CleanMax Partners with Sangam India for 50 MW Hybrid Renewable Project in Rajasthan
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CleanMax Enviro Energy Solutions has signed a hybrid renewable energy agreement with Sangam India Limited to supply 30 MWp solar + 20 MW wind power along with 2 MWh battery storage. The project supports industrial decarbonization and strengthens CleanMax’s presence in Rajasthan.
PRICE-SENSITIVE TRIGGER
Event: Signing of hybrid renewable energy supply agreement
Type: Order Win / Long-term Power Supply Contract
Impact: Positive
Immediate Effect: Enhances CleanMax’s contracted capacity pipeline and strengthens revenue visibility through ling-term power purchase agreement (PPAs)
Financial Snapshot
- Project Size: 50 MW (30 MWp Solar + 20 MW Wind)
- Storage: 2 MWh BESS
- State Capacity (Rajasthan): 525 MW operational
- Total Contracted Portfolio: ~5.7 GW (3.1 GW commissioned)
Highlights
Hybrid + storage model improves realisation stability and premium pricing potential
What Happened ?
CleanMax announced a strategic partnership with Sangam India Limited, a leading textile manufacturer, to supply renewable power across its facilities in Rajasthan.
The agreement includes:
- Solar + wind hybrid generation
- Battery energy storage integration
- Round-the-clock power supply capability
This project will be executed under an intra-state group captive structure.
Key Project Highlights & strategic importance
- 30 MWp solar + 20 MW wind hybrid project
- Integrated with 2 MWh Battery Energy Storage System (BESS)
- Supplies power to multiple Sangam facilities in Rajasthan
- Enhances CleanMax’s industrial (C&I) client base
- Strengthens presence in high renewable potential state (Rajasthan)
- Supports round-the-clock (RTC) renewable energy delivery
Insight:
Hybrid + storage projects are next-gen renewable contracts, offering higher margins and better demand from industrial clients.
Risk Analysis
Key Risks
- Execution and commissioning timeline risk
- Dependence on open access and regulatory policies
- Counterparty risk (industrial client performance)
- Renewable intermittency (partially mitigated by storage)
Worst Case Scenario
If regulatory changes impact open access benefits or project execution delays occur, revenue realization may be deferred or reduced.
Risk Level: Medium
Company Commentary
- Partnership strengthens CleanMax’s geographic and customer portfolio
- Focus on delivering round-the-clock clean energy solutions
- Supports industrial decarbonization and ESG adoption
- Reinforces CleanMax’s positioning as a net-zero transition partner
Official Exchange Filing: CleanMax Enviro Energy Solutions Limited