CleanMax to invest Rs 50,000 crore in AI compute, renewable energy projects in Andhra Pradesh

CleanMax, India’s largest commercial and industrial renewable energy provider, will invest Rs 50,000 crore in setting up an AI compute facility and a wind-solar and storage project in Andhra Pradesh.

CleanMax has joined hands with Neysa, a Blackstone portfolio company, to set up a 2 GW AI compute facility in Kurnool district with an investment of Rs 8,000 crore. The project will come up on around 600 acres of land in the Orvakal Zone and bring together renewable energy generation and AI computing infrastructure. The Andhra Pradesh Economic Development Board (APEDB) and CleanMax signed a memorandum of understanding (MoU) for the project at the CII Partnership Summit 2026 in Visakhapatnam on Thursday. CleanMax will also invest about Rs 42,000 crore in another project, which will generate about 3 GW of wind energy, 2 GW of solar energy and 1 GW of pumped hydro storage.

Speaking to ET, CleanMax chairman and managing director Kuldeep Jain said, “The AI compute facility is a unique project as this will be the first time we are moving it from a big city to a remote location. Compute factories are power guzzlers. We have decided to move them closer to the power generation facilities.”


The partnership was also confirmed at a meeting between representatives of CleanMax, Neysa and Blackstone and Andhra Pradesh IT and HRD minister Nara Lokesh on the sidelines of the summit. The delegation included CleanMax chairman and managing director Kuldeep Jain, chief commercial officer Tejus AV, Neysa founder and managing director Sharad Sanghi and Blackstone managing director Nikhil Goyal.

The project is expected to generate around 1,000 direct and another 1,000 indirect jobs, with commissioning targeted for March 2028. CleanMax will bring its renewable energy capabilities to the project, while Neysa will provide the AI computing infrastructure.

The development is significant for Andhra Pradesh as the state seeks to position itself as a destination for large-scale data centre and artificial intelligence investments. Alongside the proposed AI hub in Visakhapatnam, the Orvakal project is expected to strengthen the state's digital infrastructure while taking high-value technology investments to the Rayalaseema region.

"AI will run on compute, and compute will run on clean power. CleanMax and Neysa, with Blackstone's backing, are bringing both together in Orvakal," Lokesh said, adding that the 2 GW facility would strengthen Andhra Pradesh's digital backbone and create quality employment opportunities for the youth of Rayalaseema.