Amid rising demand for corporate decarbonisation, CleanMax and Toyota Tsusho plan 300MW of green power projects for Japanese companies in India.
CleanMax Enviro Energy Solutions and Toyota Tsusho India have announced a partnership to jointly develop 300 megawatts (MW) of renewable energy capacity in India by 2028, to support Japanese companies operating in the country, according to an official statement issued by CleanMax.
As part of this collaboration, the companies will deliver a range of renewable energy solutions tailored to the needs of their clients.
These will include rooftop solar installations, stand-alone ground-mounted solar or wind projects, wind-solar hybrid systems, and carbon credit services.
While the responsibilities for project development and ownership will be shared, key details such as capital investment, project locations, and commissioning timelines have not yet been disclosed.
This initiative builds on CleanMax’s broader strategy of using international partnerships to grow its commercial and industrial (C&I) portfolio in a capital-efficient manner.
As of 31 March 2025, the Brookfield-backed company operates 2.2 gigawatts (GW) of renewable energy assets across India, the Middle East, and South-East Asia. The company has established itself as a clean energy provider in the commercial and industrial (C&I) space, focusing on turnkey, on-site, and off-site power solutions.
Meanwhile, Toyota Tsusho India brings a diversified range of expertise to the table. A wholly owned subsidiary of the Toyota Tsusho Group, the company operates across sectors including metals, mobility, circular economy, green infrastructure, and digital solutions.
Although it has participated in global infrastructure and energy projects, this partnership marks a significant renewable energy engagement within India.
According to both firms, the initiative is intended to help Japanese corporates reduce their carbon footprint and align with global environmental standards. However, neither company has provided details regarding expected emissions reductions or power purchase structures.
Overall, the collaboration comes at a time when multinational firms are increasingly turning to localised renewable energy options in India. This shift is driven by tightening environmental regulations, investor pressure, and voluntary net-zero commitments.
