After AI, Meta wants India's clean power. But why?

Meta is going shopping again in India, but this time, it is buying clean power.

CleanMax Enviro Energy Solutions rallied 9% after announcing a partnership with Meta Platforms to develop more than 900 MW of renewable energy capacity in India.

For context, Cleanmax, is a renewable energy partner in India offering solar, rooftop & PPA solutions to help businesses meet sustainability and net-zero goals.

What’s brewing: Meta has contracted nearly 1 GW of new renewable energy capacity in India through agreements with clean energy providers. A large chunk of this will come from CleanMax, which will supply 837 MW of new solar and wind projects across Rajasthan and Karnataka.

And that’s not all. Meta is also partnering with Fourth Partner Energy for another 88 MW of new solar and wind projects across Tamil Nadu, Karnataka, Maharashtra and Uttar Pradesh.

Why does this matter: AI, data centres and cloud services consume huge amounts of electricity. As Meta expands its AI and digital infrastructure, it also needs more clean energy to power that growth.

The bigger picture: India is already one of the world’s largest renewable energy markets. According to Renewable Energy Statistics 2026, India ranks third globally in installed renewable energy capacity and added 55.3 GW of non-fossil capacity in FY26.