CleanMax Solar Bags FT, IFC Transformational Business Awards 2018

The company was shortlisted out of the 189 entries received from across 126 countries, thus making CleanMax Solar the first Indian company to win this award in a category with Tata Motors at their Sanand facility in Gujarat.

In the Transformational Business Award 2018, CleanMax Solar, a sustainability partner for India’s leading corporates, has won the Financial Times (FT) & International Finance Corporation’s (IFC) award for ‘Achievement in Transformational Infrastructure’ in London.

The company was shortlisted out of the 189 entries received from across 126 countries, thus making CleanMax Solar the first Indian company to win this award in the category with Tata Motors at their Sanand facility in Gujarat.

The award was received by Kuldeep Jain, Founder and Managing Director, CleanMax Solar during an awards ceremony held in London.

Commenting on the occasion, Kuldeep Jain said, “We are extremely humbled and honored to receive this prestigious and globally regionsed award from Financial Times & IFC. It gives us the motivation to continue working towards a sustainable future by providing innovative solutions which are also viable for corporates.”

He added, “I would like to thank FT/IFC Jury members for recognizing our endeavors and also all the employees and stakeholders at CleanMax Solar who work relentlessly to ensure quality project delivery.”

In 2015, CleanMax Solar provided a solar rooftop solution to the Tata Motors facility where the Tata Nano car is manufactured. The rooftop solar plant was developed on a “build-own-operate” model, which enabled Tata Motors to switch to solar power in zero-capex and risk-free manner.

The project has helped Tata Motors in reducing its carbon footprint by 2700 tons annually for a period of 25 years and also locks in a large fraction of its electricity cost from solar power, at a discount to grid electricity tariffs. It is estimated that Tata Motors is saving around INR 3 million annually.

The solar plant has also reduced the indoor temperature of the factory and generated long-term local employment opportunities.

This is the fifth edition of the FT/IFC Transformational Business Awards, the global programme highlighting innovative, long-term private sector solutions to major development challenges.