Amaravati, February 24 In a significant step forward for solar energy and investment momentum, the Government of Andhra Pradesh has approved a 200 MW solar power park to be developed by Yashaswa Power LLP, a group company of Clean Max Enviro Energy Solutions Pvt Ltd, which is launching a Rs 3,100-crore initial public offering (IPO) on the main board.
The project, which involves an investment of Rs 1,200 crore, will set up a 200 MW AC/300 MWp DC solar park in Beechiganipalle and neighboring villages in the Parigi Mandal of the Sri Sathya Sai district, officials said.
The facility is expected to generate approximately 445 million units of clean power annually and create nearly 690 direct and indirect jobs.
Spanning approximately 1,200 acres of predominantly private land, the park will be connected to the 400/220 kV APTRANSCO Hindupur substation, ensuring grid stability and long-term power evacuation.
CleanMax, one of India's largest commercial and industrial renewable energy platforms, provides green energy and net-zero decarbonization solutions to over 550 corporate clients. The company has an operational portfolio of approximately 2.5 GW, encompassing solar, wind, and hybrid assets, with additional capacity under development.
The company's Rs 3,100-crore IPO, open from February 23-25, comprises a fresh issue of Rs 1,200 crore and an offer for sale of Rs 1,900 crore by existing shareholders.
The price band has been set at Rs 1,000-1,053 per share, with listing proposed on the BSE and the NSE in early March. The issue has attracted participation from institutional investors, including Temasek Holdings and SBI Life Insurance.
The Andhra Pradesh government said that the investment aligns with the state's clean energy push and is expected to stimulate further private capital inflows, strengthen industrial decarbonization efforts, and reinforce the state's position as a preferred destination for large-scale renewable energy projects.
Founded in 2010, CleanMax's IPO is among the largest renewable energy public offerings in India's equity markets this year, reflecting investor confidence in clean infrastructure and the nation's transition to sustainable power.
