Visakhapatnam: Andhra Pradesh is set to attract significant investments in the renewable energy and technology sectors, with CleanMax expressing interest in investing approximately ₹36,000 crore in the state.
Andhra Pradesh Minister for Education, IT and Electronics, Nara Lokesh, held a meeting with CleanMax Chairman and Managing Director Kuldeep Jain to discuss investment opportunities and the company’s proposed projects in the state.
Following the discussions, CleanMax agreed to explore investments in an integrated project covering renewable energy, power distribution, pumped storage and a data centre park.
According to the proposed investment plan, the company intends to invest ₹28,000 crore in 4 GW of renewable energy projects, comprising 3 GW of wind power and 1 GW of solar power. Additionally, around ₹2,000 crore will be invested in establishing a 1 GW IT-load data centre park with dedicated power distribution facilities in a Tier-2 city with abundant renewable energy resources.
The company has also proposed an investment of ₹6,000 crore in 1 GW pumped storage projects.
During the meeting, Kuldeep Jain informed Minister Nara Lokesh that land acquisition is already underway for a 200 MW solar park with an investment of ₹1,200 crore in Beechiganipalle and surrounding villages in Parigi Mandal of Sri Sathya Sai district.
Minister Nara Lokesh urged CleanMax to integrate Battery Energy Storage Systems (BESS) into its wind-solar hybrid projects, in line with Andhra Pradesh’s ambitious target of achieving 25 GWh of BESS capacity by 2029.
The proposed investments are expected to strengthen Andhra Pradesh’s renewable energy ecosystem, enhance power storage and distribution infrastructure, attract data centre investments and create new opportunities for economic growth and employment in the state.
