CleanMax Raises $360 million from Brookfield

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

This funding of US$ 360 million, which is a mix of primary and secondary, will enable CleanMax to pursue its growth plans of becoming a >5 GW platform over the next three to four years. Through this investment, Brookfield Renewable will have 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.