Awarded for its contributions towards facilitating the adoption of rooftop solar energy in India
CleanMax Solar, Asia’s most trusted sustainability partner to commercial and industrial (C&I) customers across India, Middle East North Africa (MENA) and South East Asia (SEA), has won the ZEE Business Dare to Dream Award in the Power and Energy category.
CleanMax Solar was awarded for its contribution towards facilitating the adoption of rooftop solar energy, with an operating on-site capacity of 190 MW in India. The award recognises the company’s role in providing attractive solar solutions for corporates and institutions by pioneering the ‘Energy-Sale’ model, to become India’s top rooftop installer in 2018 (Source: Mercom India 2019 Report).
As a testament to its success, CleanMax’s Energy Sale model has been replicated by various levels of government, for speedy adoption of solar energy. The MNRE renamed the same model as the RESCO model which made adoption easier for government buildings and establishments. The vast majority of central and state government rooftop solar tenders in India are under the RESCO model.
Speaking about the win, Mr. Ritesh Singhi, Chief Procurement Officer, CleanMax Solar said, “We are honoured to be recognised for our efforts in promoting renewable energy. In India, which is blessed with abundant sunlight for over 300 days of the year, the potential for rooftop solar is enormous. Prestigious awards like this one inspire us to build on our success, and to continue working with corporate clients to maximise their solar potential. With the right policy impetus, we are certain that India’s rooftop solar energy will account for a substantial share of the overall renewable energy pie.”
In addition to its rooftop portfolio, CleanMax Solar has a network of open access solar farms with 330 MW operating capacity installed in Karnataka, Tamil Nadu and recently expanded to Haryana with a plan to set up a 150 MW Solar farm. The company is also working to expand its solar farm business to Maharashtra, Andhra Pradesh, Gujarat and Uttar Pradesh. Over the years, CleanMax Solar’s operating capacity has grown from 27 MW in 2015-16 to more than 520 MW in 2018-19.
Among the other feathers in its cap, CleanMax Solar has been recognized as the first Indian company to win the prestigious Transformational Business Award 2018 by Financial Times (FT) and International Finance Corporation (IFC) in the Transformational Infrastructure’ category. The company has also been recognized by the Ministry of New Renewable Energy (Government of India) and conferred with the National Excellence Awards for the Rooftop Solar Developer and Rooftop Solar EPC Player in 2016.