Debt financing
Renewable energy co. CleanMax raises $27-M from HSBC for solar projects in UAE
Mumbai-based renewable energy company CleanMax has raised USD 27 million in long-term credit from HSBC to develop and finance its solar projects in the United Arab Emirates (UAE). The facility will cover 92 on-site solar assets located at industrial facilities, malls, schools and universities in the UAE. The facility also includes a provision for need-based additional funding of USD 10 million.CleanMax is a player in renewable energy in the commercial and industrial sectors in Asia with 2 GW of operating assets. The company also has presence in the Middle East and South-East Asia.
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