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Clean Max Enviro Energy Solutions has secured USD 575 million in financing to scale up its solar and wind energy portfolio across India. The funding has been arranged through a mix of domestic and international lenders, supporting the development of Central Transmission Utility-connected renewable projects in Rajasthan and Karnataka. These projects will add to the company’s 1 GW renewable energy capacity. The funds include contributions from public sector banks, global financial institutions, and ECB facilities, along with term loans raised by the company and its subsidiary.
Clean Max Enviro Energy Solutions has secured USD 575 million in financing to expand its solar and wind energy operations in India. The company stated that the funds were arranged through multiple domestic and international lending institutions.
The financing will be deployed for large-scale Central Transmission Utility (CTU)-connected renewable energy projects located in Rajasthan and Karnataka. These projects are part of the company’s plan to build a combined renewable energy portfolio of 1 GW.
The company received USD 141.94 million from one of India’s leading public sector banks under an FCNR(B) facility. It also raised USD 124.63 million through external commercial borrowing (ECB) facilities involving Societe Generale, BNP Paribas, and SMBC.
In addition, USD 174 million was mobilised through ECB arrangements involving Credit Agricole, HSBC, and DBS Bank. Along with this, Clean Max and its subsidiary raised INR 1,280 crore through term loans provided by BNP Paribas and HSBC.
Clean Max Enviro Energy Solutions Ltd operates in the renewable energy sector, supplying power solutions to commercial and industrial clients across India, West Asia, and South-East Asia.
Source PTI
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