CleanMax Enviro Energy Solutions sets an ambitious EBITDA goal of ₹3,000 crore for FY28, driven by soaring demand from data centres and hyperscalers, with the company’s operational capacity expected to reach 4.6GW by 2027 amid rapid sector expansion.
CleanMax Enviro Energy Solutions has set an ambitious target of at least ₹3,000 crore in EBITDA for FY28, underscoring how rapidly India’s commercial and industrial renewable energy market is expanding as data centres, cloud operators and other large power users seek cleaner supply. The company, one of the country’s biggest players in the C&I renewable segment, says the goal will be supported by faster capacity additions, a deep pipeline of long-term contracts and steady execution across projects.
The company has also reaffirmed its plan to add at least 1.5GW of new OPEX sales capacity in FY27. Business Standard reported that CleanMax commissioned about 530MW in the first quarter of FY27, taking its operational portfolio to roughly 4.2GW, while the company itself has pointed to a total of 6GW of contracted capacity, including 3.5GW already in operation. That scale-up is central to management’s expectation that operational capacity could reach at least 4.6GW by April 1, 2027.
Much of the momentum is coming from data and artificial intelligence customers. CleanMax says that segment accounts for 42% of its contracted renewable capacity and has expanded tenfold over the past two years, helped by surging demand from hyperscalers and data centre operators. Industrial customers have also become a stronger engine of growth, with contracted volumes doubling over the same period. The company says it holds about 35% of the renewable energy market for hyperscalers in India and counts Meta, Apple, Google, Amazon, NTT and Equinix among its clients.
Operational execution appears to be keeping pace with demand. CleanMax says it added a record 500MW of contracted capacity in the June quarter, with about 400MW coming from its RE Power Sales business, and that roughly 80% of new contracts signed in the quarter were with existing customers. The company also says more than 80% of contracted volumes come from AA or AAA-rated borrowers or multinational companies. Q1 FY27 revenue rose 107% year on year to ₹832 crore, EBITDA increased 58% to ₹421 crore and the company returned to profit with net income of ₹55.2 crore.
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