Danish Investment Fund invests $34 million in CleanMax

The Danish Investment Fund for Developing Countries (IFU) is investing $34 million in CleanMax, a renewable energy company in the commercial and industrial segment in Asia. Kuldeep Jain, founder and managing director, CleanMax said, “This equity will help us to further expand our wind-solar hybrid offerings and accelerate our operating capacity from 750+ MW to around 2500 MW in the next 3 years.