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SG s Keppel eyes stake in Indian rooftop solar power producer CleanMax
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Highlights
CleanMax is going to take care of the operational side of the power projects.
Facebook has already struck similar deals in Singapore.
New Delhi: Striving to fulfil its ambitions of turning carbon neutral by 2030, Facebook has just signed a deal to buy renewable energy from Mumbai-based CleanMax, a homegrown clean energy firm. Notably, this is Facebook’s first such deal in India.
CleanMax will sell energy produced by its 32-megawatt wind power project located in southern Karnataka state to Facebook. Both companies will work together for many other similar projects. They are also planning to supply renewable power into India’s electric grid.
Facebook to buy renewable energy from Indian firm CleanMax 15 April 2021 - 10:35 Fathin Ungku and Florence Tan Picture: REUTERS/DADO RUVIC
Singapore Facebook has signed a deal to buy renewable energy in India from a local firm’s wind power project, the social media giant s first such deal in the South Asian nation, the companies said on Thursday.
The 32MW wind power project, located in southern Karnataka state, is part of a larger portfolio of wind and solar projects that Facebook and Mumbai-based CleanMax are working together on for supplying renewable power into India’s electrical grid, they said in a joint statement.