Kuldeep Jain, founder and managing director of CleanMax Solar. Photo: Aniruddha Chowdhury/MintMumbai: American private equity major Warburg Pincus-backed rooftop solar company CleanMax Solar has raised $15 million in equity capital from World Bank arm International Finance Corp. (IFC), said a senior executive of the firm. CleanMax Solar focuses on providing clean energy to corporates through rooftop and grid-connected solar installations. This is the first time, anywhere in the world, that World Bank and IFC have made an equity investment in a rooftop solar company,” said Kuldeep Jain, founder and managing director of CleanMax Solar. By April 2018, we expect to sign client contracts in that market,” Jain said.

Source: Mint November 29, 2017 22:52 UTC