Equinix, Inc. (Nasdaq: EQIX), a leading global digital infrastructure company, has signed its first power purchase agreement (PPA) in India with CleanMax, a prominent renewable energy provider in the Commercial and Industrial (C&I) sector supported by Brookfield. The partnership will see the development of a 33 MW Captive Power Plant in Maharashtra to supply renewable energy for Equinix’s growing data center operations in Mumbai.
The project, combining 26.4 MWp of solar capacity and 6.6 MW of wind capacity, is expected to begin phased operations in 2025. Once fully functional, it will supply renewable energy to Equinix’s International Business Exchange™ (IBX®) data centers in Mumbai, aligning with the company’s commitment to sustainability and addressing increasing energy demands fueled by AI growth.
Manoj Paul, Managing Director of Equinix India, stated, “Our collaboration with CleanMax reinforces our commitment to sustainability, enabling us to offer 100% renewable energy coverage for our India-based operations. As a leader in renewable capacity additions, India provides us with a robust platform to meet our sustainable development goals.”
Equinix Executive Vice President Raouf Abdel added, “As digital infrastructure demand surges, ensuring sustainable energy solutions is vital. This partnership underlines our dedication to sustainability and supports the growth of the Indian market while driving positive environmental impact.”
This project is part of Equinix’s broader renewable energy strategy, which includes 23 PPAs globally, expected to contribute over 3.1 million MWh of renewable energy annually across key markets such as the US, Europe, Asia, and Australia. The company also invests heavily in energy efficiency, spending $77.5 million in 2023 to reduce energy consumption by 66,862 MWh and improve Power Usage Effectiveness (PUE) by 8.8%.
CleanMax, a leader in corporate renewable energy solutions, has a portfolio of over 2 GW of operating assets, serving 400+ clients. Kuldeep Jain, Managing Director of CleanMax, commented, “This partnership with Equinix represents a significant milestone in sustainable energy for digital infrastructure. It highlights how businesses can grow responsibly while minimizing their environmental impact.”
Following this initiative, CleanMax plans to explore additional sustainability solutions for Equinix’s upcoming AI-ready data centers in India and worldwide. Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company®. Digital leaders harness Equinix’s trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
About Clean Max Enviro Energy Solutions Pvt. Ltd. (CleanMax)
CleanMax is one of Asia’s leading renewable energy company in the C&I (Commercial and Industrial) sector with 2 GW of operating renewable assets with a highly skilled and professional team spread across India, Middle East, and SouthEast Asia. CleanMax is a Brookfield backed company. Brookfield is a leading global alternative asset manager with over $1 trillion of assets under management. We pioneered the ‘Energy Sale’ model for rooftop solar in India in 2011 and are focussed on being the sustainability & net-zero partner of choice for corporates. CleanMax operates some of the best managed renewable energy assets including rooftop solar projects, solar farms, wind farms wind solar hybrid farms and has expanded its services to include renewable energy certificates as well.
We serve over 400+ distinct corporates. With many responsible companies in India committing to being Net Zero by 2030, CleanMax’s comprehensive solutions have helped accelerate customer’s shift to clean energy. Companies across industries such as Data Centres, Textiles, Automotive, Chemicals, FMCG, Pharma, Manufacturing have increasingly relied on CleanMax as their Net Zero Solutions provider.
The company develops projects on a turnkey basis, providing power on a per kWh basis, under long-term Power Purchase Agreements, at rates better than prevailing grid tariffs. CleanMax was the first Indian company to win the prestigious Transformational Business Awards 2018 by Financial Times (FT) and International Finance Corporation (IFC) in Achievement in ‘Transformational Infrastructure’ category.
Equinix (Nasdaq: EQIX) is the global leader in digital infrastructure, enabling businesses to connect and integrate their foundational infrastructure at the speed of software. Organizations rely on Equinix’s trusted platform to access critical locations, partners, and opportunities, helping them scale with agility, accelerate digital service launches, and deliver superior user experiences. In doing so, Equinix empowers its customers to maximize value while aligning with their sustainability objectives.
