Shares of Clean Max Enviro Energy Solutions Ltd were trading 2% higher on 13 November after the company announced that it has signed a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board to invest nearly Rs 50,000 crore in the state. 

The investment will support the development of renewable energy projects and power infrastructure for a large artificial intelligence (AI) computing facility in Kurnool district. The agreement was signed on 12 November 2026. The proposed project will bring together clean energy generation, storage and distribution to meet the growing electricity requirements of AI and data centres.

Under the agreement, CleanMax plans to develop 3 GW of renewable energy capacity through wind and solar projects, along with 1 GW of pumped hydro storage over the next five years.

The company will combine wind and solar power with battery energy storage systems (BESS) and pumped storage to ensure a continuous electricity supply. It will also establish a dedicated distribution network to deliver power directly to the computing facility. At least 1.5 GW of renewable capacity is proposed to be developed by 2029.

The clean energy infrastructure will support a 2 GW green compute factory being developed in collaboration with Neysa, an AI cloud services provider. Neysa will anchor the facility with 1 GW of IT load.

The project will use direct to chip cooling technology to reduce water consumption. A dedicated power network will also be developed to manage the facility’s electricity requirements.

The project highlights the growing connection between renewable energy and AI infrastructure. Large computing facilities require substantial and continuous electricity, making reliable clean power increasingly important.

The investment could strengthen Andhra Pradesh’s position as a destination for renewable energy and AI infrastructure. However, its success will depend on phased project execution, regulatory approvals and the timely development of power and computing facilities.

At 12:15 pm, the shares of Clean Max Enviro Energy Solutions were trading 1.38% higher at Rs 1,323.40 on NSE.

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