Rooftop solar company CleanMax Solar announced equity-based funding of Rs 275 crore from Macquaire-managed UK Climate Investments. This is the second round of fund raising for CleanMax Solar. The firm is eyeing an operating capacity of 2000 megawatt (MW) by 2022.
The company will use the funds to add 400-500 MW to its current 500 MW capacity, said Kuldeep Jain, managing director for the company. Jain further said that the company may go for public listing later, in a bid to achieve 2000 MW capacity by 2022.
UK Climate Investments has signed three different deals in India so far, totaling an investment of 90 milion pounds. The total fund available is close to 200 million pound sterling.
