CleanMax shares soar 15% to record high on Meta partnership

CleanMax will develop and operate the new renewable energy capacity, which includes large-scale solar and wind projects. Meta will purchase 100% of the environmental attributes from these projects. The renewable energy initiatives support Meta’s efforts to add new generation capacity to the grid and advance its goal of matching its electricity use with 100% clean and renewable energy.

“The announcement builds on an existing relationship between the two companies and reflects the growing role of innovative corporate procurement models in accelerating India’s energy transition,” a company press release said.

Kuldeep Jain, Founder and Managing Director of CleanMax Enviro Energy Solutions Limited, said, “Meta connects billions of people every day through platforms such as Facebook, Instagram, WhatsApp, and Threads while helping shape the future of digital and AI infrastructure. We are thrilled to partner with Meta. Every generation builds infrastructure that defines its future. For us, that infrastructure is increasingly digital, AI-driven, and interconnected. It must also be powered by clean energy. We look forward to supporting Meta’s renewable energy ambitions while contributing to India’s clean energy transition.”

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Amanda Yang, Head of Clean and Renewable Energy at Meta, said, “These agreements represent meaningful progress in supporting our renewable energy goals in the region. We’re pleased to continue working with CleanMax to help bring new renewable energy capacity onto the grid in India and support the growth of the country’s clean energy ecosystem.”

CleanMax Enviro Energy Solutions is India’s largest pure-play commercial and industrial renewable energy company, with more than 15 years of operations. The company’s contracted renewable energy portfolio reached 5.7 GW in FY25, with approximately 74% of new contracted capacity driven by existing customers, reflecting strong retention and long-term business visibility.