India's Clean Max Enviro Energy Solutions has raised about $575 million to expand its solar and wind projects in India, the renewable power firm said on May 26.
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.
