cleanmax

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Welspun to Procure Renewable Power from CleanMax Under Captive Model

Textile company Welspun India has acquired a 26% stake in CleanMax Thanos (CTPL) for ₹38 million (~$458,713) to procure renewable energy through open access under the...

January 2, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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CleanMax and Meta to Invest in 33.8 MW Renewable Energy Projects in India

Mumbai-based renewable energy company CleanMax Enviro Energy Solutions (CleanMax) has partnered with global internet giant Meta to invest in 33.8 MW of new renewable...

December 13, 2022

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Arjun Joshi

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Other

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Renewable Energy
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CleanMax Raises $34 Million to Expand C&I Renewable Energy Portfolio

Indian renewable energy company CleanMax has received $34 million in funding from the Danish Investment Fund for Developing Countries (IFU). The company is expected to...

December 21, 2021

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Harsh Shukla

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Finance and M&A

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Solar
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Augment Infrastructure Acquires a Majority Stake in CleanMax for ₹16.5 Billion

CleanMax, an Indian renewable energy company, announced that Augment Infrastructure, a U.S.-based investment company, has acquired a majority stake in the company...

August 12, 2021

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Harsh Shukla

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Finance and M&A

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Solar
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Solar Wind Hybrid Project of the Year: CleanMax Solar’s Project in Karnataka

Indian rooftop solar developer, CleanMax Solar, was adjudged the winner in the ‘Best Hybrid Project’ category, during the recently held Mercom India Solar Summit 2021....

April 19, 2021

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Rahul Nair

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Other

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Renewable Energy
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Facebook Ties Up with CleanMax to Source 100% Renewable Power

Facebook has partnered with renewable energy company CleanMax to further the global tech giant’s sustainability ambitions in India. As part of the deal, Facebook will...

April 15, 2021

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Staff

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Other

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Renewable Energy
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CleanMax Installs a 15 MW Solar-Wind Hybrid Project for Food Corporation Cargill

Cargill, a U.S.-based global food corporation, announced a joint venture with CleanMax, an Indian rooftop solar developer, to set up wind and solar hybrid power park in...

July 21, 2020

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Harsh Shukla

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Off-grid

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Solar
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CleanMax Secures $10 Million in Credit Facility to Expand its Rooftop Solar Business

The Global Climate Partnership Fund (GCPF) announced that it has provided Indian solar rooftop developer CleanMax with a $10 million (~₹743.08 million) credit facility...

July 7, 2020

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Nithin Thomas Prasad

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Finance and M&A

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Solar
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CleanMax Quotes L1 Tariff of ₹3.64/kWh for NREDCAP’s Rooftop Solar Tender

The New and Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) recently opened financial bids for the installation of 15 MW of grid connected...

July 24, 2018

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Nitin Kabeer

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Solar

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Tenders & Auctions
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Serious Policy Push Needed to Get India’s Rooftop Solar Market to the Next Level

The rooftop solar segment in India has been growing at a brisk pace, with cumulative installed capacity reaching 3,260 MW as of December 2018. Rooftop installations grew...

May 8, 2019

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Shaurya Bajaj

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Mercom Research Focus

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Other
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India’s E-Commerce Industry: Untapped Market for Rooftop Solar

The Jawaharlal Nehru National Solar Mission (JNNSM) has a solar capacity installation goal of 100 GW by 2022. The target requires 40 GW to be installed using rooftop...

August 28, 2019

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Ramya Ranganath

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Mercom Research Focus

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Other
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REC Group to Supply 45 MW of Panels for Rooftop Solar Projects in India

REC Group, a solar photovoltaic (PV) panels manufacturer, will supply 45 MW of solar panels for the development of rooftop solar projects in India. According to the...

August 23, 2018

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Saumy Prateek

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Rooftop

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Solar
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Rooftop Solar Developer CleanMax Secures ₹1.6 Billion Loan from PTC India

Mumbai-based rooftop solar energy company, CleanMax, has announced that its subsidiary CleanMax IPP has received ₹1.58 billion ($22.6 million) in a loan from PTC India...

March 28, 2019

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Shaurya Bajaj

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Finance and M&A

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Solar
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Tata Power and CleanMax Emerged as Top Rooftoop Solar Installers in India in 2017

With increasing demand from government, commercial and industrial sectors, the rooftop solar sector is witnessing steady growth despite a lack of policy support and...

May 29, 2018

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Sampath Krishna

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Rooftop

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Solar
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Indian Solar Sector Received Over $10 Billion in Financing During 2017

In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual...

March 8, 2018

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Wendy Prabhu

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Finance and M&A

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Solar

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