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IFC invests $15 million in CleanMax Solar

  • Date : 30/11/2017
  • Source : Business Standard

International Finance Corporation (IFC) has made an equity investment of $15 million in CleanMax Solar. This is IFC’s first equity investment globally in grid-connected distributed generation. This investment by IFC is in conjunction with the $100m investment made by Warburg Pincus, a global private equity fund, in CleanMax earlier this year. CleanMax will deploy the funds to continue its rapid growth in the corporate segment of India’s solar and safety, and governance.