CLEANMAX

A group of German investor DEG, along with the World Bank's International Finance Corporation (IFC) and the Asian Development Bank (ADB), are set to invest $300 million to acquire a controlling interest in Fourth Partner Energy, a renewable energy f...

Canada’s Brookfield Asset Management plans to triple its investments in India’s renewable energy sector to over $10 billion within the next three to four years. The firm is also exploring opportunities in electric vehicles and green hydrogen. With a...

CleanMax Enviro Energy Solutions, backed by Brookfield Renewable, aims to increase operational capacity to over 3,000 MW by June 2026. The company has expanded to 8 states in India, with significant growth in commercial and industrial segments.

Malaysian energy giant Petronas's renewable energy arm Gentari Sdn Bhd is leading the race for a part of India's renewable portfolio from Brookfield Asset Management.

The solar project will have a total size of 14.4 megawatts, which will provide a local solution to power the company’s offices and the two retail stores in Mumbai and New Delhi, the Cupertino-based smartphone major said in a statement.

CleanMax, a renewable power solutions provider, has signed a 25-year power purchase agreement with Bangalore International Airport Limited (BIAL) for a 45.9 MW Solar-wind Captive Power Project in Jagaluru, Karnataka. The project aims to provide reli...

Fourth Partner focuses on building and financing renewable energy projects for commercial and industrial entities. It has an installed portfolio of 1.35 GW and is targeting to expand that to 3.5 GW by 2025. In fiscal 2022, it posted revenue of ₹1,01...

Currently, Brookfield has about 20 GW of wind and solar assets in operation or in the development pipeline across India. Investment bank JP Morgan has been hired to run the process, said people aware of the matter.

Petronas owns Amplus Solar in India that has an operating portfolio of 1.5 GW of renewable assets. Vitol owns around 1.2 GW of renewable assets, while Indonesia-based Sun Energy has installed over 280 MW of renewable power capacity for corporate cli...

Brookfield, through the Brookfield Global Transition FundII (BGTF II), has committed to provide equity capital of up to $845 million (Rs7280 crore) towards the development and construction of the power projects, stated a press release. Axis Energy V...

Vibrant Energy, which primarily sells electricity to corporate and industrial (C&I) customers, operates a renewable energy portfolio of 132MW, with an active pipeline of 3GW. The group develops open access renewable energy solutions (wind and solar)...

Corporate funding in the global solar sector increased 54 per cent year-on-year to USD 18.5 billion in the first half of this year, says a report. According to a Mercom Capital report, the total corporate funding was at USD 12 billion in the January...

CleanMax Enviro Energy Solutions Pvt. Ltd, a Mumbai based renewable energy company, on Thursday said that it has raised $360 million from Brookfield Renewable, through the Brookfield Global Transition Fund. The funding is a mix of primary and second...

The investment will largely be a secondary sale of shares by existing shareholders with a small tranche of primary infusion into the company.

Investment bank Rothschild is advising CleanMax on the fundraise, one source said. "The funds, largely primary equity infusion into the company, will be used to expand its business in India as well as south east Asia and Gulf countries and to retire...

At present, US-based Augment Infrastructure owns a majority stake in CleanMax. Last year, Augment Infrastructure acquired a majority stake from Warburg Pincus and IFC in a Rs 1,650-crore deal, which included primary capital infusion.

UPL and CleanMax Enviro Energy Solutions (‘CleanMax’) will set up and operate a hybrid captive power plant with a capacity of 28.05 MW of solar power and 33 MW of wind power. The project will enable UPL to increase its renewable energy usage to 30% ...

Cleanmax said it will use the fresh funds to accelerate growth in the commercial and industrial (C&I) renewable energy space in India, Middle East and South East Asia. The company has new investments lined-up in offsite renewables such as wind-solar...

“Augment has acquired a controlling stake in the company as Warburg Pincus and IFC have exited through this transaction,” said Kuldeep Jain, founder and MD, Cleanmax.