CleanMax & Brookfield Announce $360 Million Funding Partnership

CleanMax Enviro Energy Solutions Pvt. Ltd. (CleanMax), a Mumbai-based renewable energy company today announced that it has closed an equity fundraise from Brookfield Renewable, through the Brookfield Global Transition Fund (BGTF).

This funding of US$360 million which is a mix of primary and secondary equity will enable CleanMax to pursue its growth plans of becoming a greater than 5 GW platform over the next three to four years. Through this investment, Brookfield Renewable will hold a controlling stake in CleanMax and will work with existing shareholders and management to drive the platform’s growth in the commercial and industrial (C&I) segment in India.