Indian renewable power firm Clean Max raises about $575 million
Indian renewable power firm Clean Max raises about $575 million May 26 (Reuters) - India's Clean Max Enviro Energy Solutions CLEM.NS has raised about $575 million to expand its solar and wind projects in India, the renewable power firm said on Tuesday.
Clean Max secured the funding to support about 1 gigawatt of renewable energy projects in India's western state of Rajasthan and the southern state of Karnataka
The company raised the funds through external commercial borrowings (ECB), rupee term loan, and foreign currency non-resident banking facility.
Multiple domestic and international lenders, including Societe Generale, BNP Paribas, Sumitomo Mitsui Banking Corporation, DBS Bank, and HSBC, are part of the fundraise.
(Reporting by Anuran Sadhu in Bengaluru; Editing by Janane Venkatraman)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
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