Clean Max Enviro Energy Solutions Pvt Ltd, also known as CleanMax Solar, will be building a 150-MW solar park in India’s Haryana state under the group captive model, its co-founder told the Press Trust of India (PTI).
The company expects to invest about INR 6 billion (USD 86.6m/EUR 76m) in the project, which will be executed on 600 acres (242.8 ha) of land in Sirsa district, Andrew Hines has said. The captive users will contribute INR 2 billion of equity in total and the rest will be debt.
The state’s Renewable Energy Department (HAREDA) has already provided the sanction for the project. The company has also secured in-principle feasibility from state transmission company HVPNL.
CleanMax Solar has a target to build almost 400 MW of solar plants this fiscal year and private solar farms will account for nearly 80% of that, Hines has said.
(INR 10 = USD 0.144/EUR 0.127)