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 utilize the funding to enhance its commercial and industrial (C&I) renewable energy portfolio in India, the Middle East, and Southeast Asia. It has lined up new solar, wind, and wind-solar hybrid projects in states like Karnataka, Gujarat, Maharashtra, Haryana, Uttar Pradesh, and Tamil Nadu