In a major move towards sustainability, Mumbai-based renewable energy firm CleanMax Enviro Energy Solutions has announced a landmark power purchase agreement with Bangalore International Airport (BIAL). The agreement, spanning a period of 25 years, solidifies CleanMax’s commitment to sustainable energy initiatives and marks a significant stride in renewable energy adoption in the aviation sector.
The CleanMax BIAL Renewable Energy Project
Under the agreement, CleanMax will supply power from its 45.9 MW solar-wind captive power project located in Jagaluru, Karnataka. Operating through their special purpose vehicle (SPV) called Clean Max BIAL Renewable Energy, the project integrates 36 MW of solar power with 9.9 MW of wind power, ensuring a continuous and reliable supply of clean energy. This initiative is expected to generate approximately 90 million units of energy annually, meeting the growing power demands of Bangalore International Airport. With the integration of 58.3 million units of solar power and 31 million units of wind power into the airport’s existing grid infrastructure, CleanMax aims to support the airport’s expansion program and further their commitment to sustainable development.
Environmental Impact and Reduced CO2 Emissions
The CleanMax BIAL Renewable Energy Project holds great promise for minimizing the airport’s carbon footprint. Projections predict a reduction of around 64,200 metric tonnes of CO2 emissions annually, thanks to the generation of approximately 90 GWh of renewable energy. This clearly showcases the environmental benefits of adopting renewable energy solutions.
Leadership Perspectives: Commitment to Sustainability
Hari Marar, the Managing Director & CEO of BIAL, underscored the significance of this agreement by stating, “The long-term power purchase agreement with CleanMax will play an important role in meeting the renewable energy needs for the expansion program of the airport and provide substantial cost savings, further bolstering our commitment to sustabiliry and responsible growth.” Kuldeep Jain, the Founder and Managing Director of CleanMax, emphasized the company’s deep-rooted dedication to sustainability.
Highlighting their collaboration with BIAL, he stated, “Our collaboration with BIAL signifies a conscious leap towards clean energy adoption in India’s aviation sector, showcasing our expertise in crafting innovative solutions for our corporate clients.” The partnership between CleanMax and BIAL exemplifies the collective efforts towards renewable energy adoption and sustainable development. This follows CleanMax’s recent equity fund raise of approximately $360 million from Brookfield Renewable and their partnership with global internet giant, Meta, to invest in new renewable energy projects in India.
CleanMax’s continued success positions the company as a key player in corporate sustainability initiatives. In a world where industries are under increasing pressure to minimize their environmental impact, BIAL and CleanMax serve as advocates for accessible, reliable, and sustainable solutions. This landmark power purchase agreement is not only commendable, but also sets the stage for similar partnerships within the aviation industry and other sectors. The importance of collaboration to meet clean energy goals cannot be underestimated, and pioneers such as BIAL and CleanMax lead the way towards an environmentally-conscious future.
