Brookfield-backed CleanMax, a leading renewable energy provider in Asia’s Commercial and Industrial (C&I) sectors, has announced a long-term joint venture (JV) partnership with Osaka Gas Group to develop a 300MW renewable energy portfolio in India. The venture, valued at Rs 15 billion, marks Osaka Gas’ entry into India’s green energy market.

The Joint Venture: Clean Max Osaka Gas Renewable Energy Private Limited (CORE) The new entity, named 'Clean Max Osaka Gas Renewable Energy Private Limited' (CORE), will drive the large-scale adoption of sustainable energy solutions, aligning with India’s clean energy targets. The initial 300MW capacity will be developed in phases, with the remaining 100MW expected within the next two years.

Strategic Investment and Global Collaboration The joint venture is backed by Osaka Gas Singapore PTE. LTD. (OGS) and Japan Bank for International Cooperation (JBIC), a policy-based financial institution wholly owned by the Japanese government. This collaboration brings together CleanMax’s expertise in decarbonisation and Osaka Gas’ global energy leadership, furthering corporate clients’ transition to a low-carbon economy.

The first phase of the initiative will focus on Karnataka, a high-potential renewable energy market, with plans to scale up to 400MW in the near future.

Leadership Insights Kuldeep Jain, Managing Director, CleanMax, highlighted that the partnership will expand CleanMax’s reach among Japanese and multinational clients, while leveraging global capital sources like JBIC for aggressive growth.

Keiji Takemori, Executive Vice President, Osaka Gas, emphasised the strategic importance of India’s C&I market, stating that the collaboration will enable Osaka Gas Group to contribute significantly to India's renewable energy transition.

With India’s focus on sustainable energy expansion, this JV positions both companies at the forefront of the green energy revolution, reinforcing their commitment to a cleaner and more resilient energy future.