Clean Max Raises $575 Million to Expand Renewable Energy Projects in India
India-based renewable energy company Clean Max Enviro Energy Solutions has raised approximately $575 million to accelerate the development of its solar and wind power projects across the country. The funding marks a significant step in the company’s efforts to strengthen India’s clean energy infrastructure and support the nation’s growing demand for sustainable power.
The capital will be used to develop around 1 gigawatt (GW) of renewable energy capacity, with key projects planned in the states of Rajasthan and Karnataka. These regions are among India’s leading renewable energy hubs, offering favorable conditions for large-scale solar and wind power generation.
Clean Max secured the financing through a combination of external commercial borrowings (ECB), rupee term loans, and foreign currency non-resident banking facilities. The fundraising attracted support from several prominent financial institutions, including Societe Generale, BNP Paribas, Sumitomo Mitsui Banking Corporation, DBS Bank, and HSBC, reflecting strong investor confidence in India’s renewable energy sector.
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