Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 15 2017

IFC plans to invest USD15 million in Clean Max Equity

IT is a renewable energy service company providing solar solutions for commercial and industrial customers in India through both on-site and off-site facilities. Clean Maxi plans on commissioning more than 250 MW of solar projects over the next three year

International Finance Corporation (IFC) is planning to invest $15 million in Clean Max Equity. The fund infusion will support company's plan to set up solar projects of upto 250 MW capacity over the next three years.

The proposed transaction is a quasi-equity investment in Clean Max Enviro Energy Solutions (CMES). IFC will invest up to $15 million in compulsorily convertible debentures, said the World Bank's investment arm.

“An IFC investment would act as a stamp of approval for future fund raises. IFC is expected to mobilise co-investment from other investors,” said IFC.

IT is a renewable energy service company providing solar solutions for commercial and industrial customers in India through both on-site and off-site facilities. Clean Maxi plans on commissioning more than 250 MW of solar projects over the next three years.

The proceeds of the IFC investment will be used to fund the construction of the proposed solar projects. The proceeds of the IFC investment will be used to fund the construction of green field solar projects across India.

The company will setup new renewable energy based generation capacity to meet the increasing demand for power in the country and in the process will help reduce GHG emission intensity.

The project will help early stage renewable energy company to develop its business and thereby have a signalling effect on the market for other businesses, according to company's disclosure.

Comment
Related opportunities
  • Quick Service Restaurants
    About Us:  Inspired by Hong Kong's favorite street food the..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: ICON Nurturing Innocence: Creating a Difference with Futuristic Education Founded..
    Locations looking for expansion Uttar pradesh
    Establishment year 2005
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ghaziabad Uttar pradesh
  • Laundry & Dry Cleaning
    About Us: ChemDry –It’s an international brand for providing Cleaner &..
    Locations looking for expansion Delhi
    Establishment year 1979
    Franchising Launch Date 1982
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Healthcare Products
    About Us: Fitnesstack is a premier brand for Fitness and Bodybuilding..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities