Clean Energy in the Fast Lane: Toyota Tsusho Teams Up with CleanMax for 300 MW Rollout

In a big step towards corporate decarbonization, CleanMax, the Brookfield-backed renewable energy company, and Toyota Tsusho India Pvt Ltd (TTIPL), the Indian subsidiary of Toyota Group's trading house, have entered into a strategic alliance to develop 300 megawatts (MW) of clean energy projects in India by March 2028.

 

Partnership Highlights

Project Scope: 300 MW of renewable energy capacity to be developed and operated on a joint basis

 

Target Clients: Japanese and Indian corporates with business in India's industrial corridors

 

Energy Solutions:

Business Model: Long-term Corporate Power Purchase Agreements (CPPAs) customized to client specifications

 

Strategic Vision

Kuldeep Jain, Founder & MD, CleanMax: "It is a milestone and a prestigious association with Toyota Tsusho. This will help Japanese corporates such as the Toyota Group in achieving their net-zero vision and supports CleanMax's agenda for green growth."

 

Nobuaki Yahiro, MD, TTIPL: "This is our group's and our Indian partners' strategic move towards decarbonization. Our vision for sustainability will drive India's transition to renewable energy further."

 

Why It Matters

This association leverages CleanMax's 2.2 GW renewable portfolio and Toyota Tsusho's extensive network among the Japanese companies. It is a move towards more green cross-border partnerships to enable corporates to achieve ESG objectives while enabling India's national clean energy objective.

 

Sources: UrjaDaily, Toyota Tsusho Group, CleanMax