Apple Joins Hands With CleanMax for ₹100 cr Renewable Energy Expansion in India
Apple and CleanMax to develop over 150 MW renewable energy capacity to strengthen India’s clean energy ecosystem and support sustainable manufacturing.
Quick Summary
Apple has announced an initial investment of ₹100 crore to expand renewable energy capacity in India through a partnership with CleanMax. The initiative includes clean energy projects, plastic waste reduction programs and support for green startups as Apple moves toward its 2030 carbon neutrality goal.
Apple has announced an initial investment of ₹100 crore to strengthen renewable energy infrastructure in India. The company has partnered with CleanMax to develop over 150 MW of renewable energy capacity as part of its broader sustainability and carbon neutrality goals.
The investment is aimed at accelerating clean energy adoption across Apple’s supply chain in India and supporting the country’s transition toward greener infrastructure.
According to Apple, the planned renewable energy capacity will be enough to power nearly 1.5 lakh Indian households annually, with scope for further expansion in the coming years.
Apple Expands Renewable Energy Efforts in India
Under the partnership, Apple and CleanMax will jointly support large-scale renewable energy deployment for the commercial and industrial sector.
Apple had earlier partnered with CleanMax for rooftop solar projects powering its offices and retail stores in India with renewable energy. The new investment is aimed at expanding clean energy capacity across Apple’s wider supply chain and manufacturing ecosystem in India.
Sarah Chandler, Vice President of Environment and Supply Chain Innovation at Apple, said the company sees environmental commitments as a key driver of innovation.
She added that Apple is focused on investing in India’s clean energy economy while also helping protect natural resources.
Apple’s Carbon Neutrality Goal
Apple said it has already reduced its global greenhouse gas emissions by more than 60% compared to 2015 levels, while company revenue has grown during the same period.
The company is targeting carbon neutrality across its entire business, manufacturing supply chain and product lifecycle by 2030.
CleanMax Founder and Managing Director Kuldeep Jain said the partnership reflects a shared long-term commitment toward helping businesses transition to cleaner energy solutions.
Market Reaction and CleanMax Stock Performance
Since the morning session on 7 May, CleanMax shares were trading in red. However, after the announcement of Apple’s investment, the stock recovered its early losses. As of 2 PM, CleanMax shares were trading 0.30% higher at ₹1,183.
On a one-year basis, from May 2025 to May 2026, the stock has delivered a positive return of around 36%.
The company is India’s largest Commercial & Industrial (C&I) renewable energy provider and has an operating history of more than 15 years.