CleanMax Solar to set up 300 MW solar capacity this fiscal


CleanMax Solar to set up 300 MW solar capacity this fiscal

Energy solutions provider CleanMax Solar plans to set up nearly 300 MW of solar capacity, including 100 MW of rooftop installation, this fiscal and will invest around Rs 1,500 crore for the same.

“There is a huge opportunity in the sector, not just in the ground mounted solar space but also rooftop projects. We are hoping to install nearly 300 MW of solar capacity in the country in FY 2017-18, which will include 100 MW of rooftop installations,” company’s Co-founder Andrew Hines told PTI here.

Currently, CleanMax has an operational capacity of 80 MW and another 25 MW is under construction. Out of the total operational capacity, two projects of 30 MW each are solar farms in Karnataka and Tamil Nadu.

“These 25 MW of projects will be commissioned in this fiscal itself. With the additional 300 MW, our total portfolio will reach to up to 400 MW in FY 2017-18,” he said, adding the company will have to invest around Rs 1,500 crore to achieve the target. Hines said,  .. Read more

Credits: economictimes.indiatimes.com

Leave a Reply

Your email address will not be published.