Warburg, CleanMax raise Rs 275 cr from UK climate investments
Mumbai: Warburg Pincus and IFC-backed CleanMax Solar, a renewable energy solutions provider, raised `275 crore from UK Climate Investments (UKCI), the UK government’s green fund managed by Macquarie InfrastructureNSE 0.86 % and Real Assets.
The primary capital will help CleanMax increase capacity to 2 GW by 2022, a senior company official said.
In 2017, global PE fund Warburg Pincus and International Finance Corporation invested $120 million in CleanMax that provides rooftop solar and open access solar for the commercial and industrial (C&I) segment.
