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News & Updates

Catch up with the latest news and developments at CleanMax Solar. Track the company’s progress as it brings renewable energy within easy reach for businesses in India, Middle East, and South East Asia.

  • Budget 2020 Industry Hails Nirmala Sitharaman’s Fiscal Roadmap Lauds Schemes On Job Generation

    The Union Budget 2020 has a few positive inclusions. For the renewable energy sector—the extension of the 15 percent and 22 percent tax rate to the new and existing power generation companies, which was earlier only earmarked for the manufacturing sector, is a welcome move.

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  • PM-KUSUM scheme expansion a boost for agri sector job prospects Renewable energy players

    Nikunj Ghodawat, Chief Financial Officer, CleanMax opines for the renewable energy sector, the extension of the 15 per cent and 22 per cent tax rate to the new and existing power generation companies, which was earlier only earmarked for the manufacturing sector, is a welcome move.

    Read More
  • PM-KUSUM scheme expansion a boost for agri sector job prospects Renewable energy players

    Nikunj Ghodawat, Chief Financial Officer, CleanMax opines for the renewable energy sector, the extension of the 15 per cent and 22 per cent tax rate to the new and existing power generation companies, which was earlier only earmarked for the manufacturing sector, is a welcome move.

    Read More
  • PM-KUSUM scheme expansion a boost for agri sector, job prospects: Renewable energy players

    Nikunj Ghodawat, Chief Financial Officer, CleanMax opines for the renewable energy sector, the extension of the 15 per cent and 22 per cent tax rate to the new and existing power generation companies, which was earlier only earmarked for the manufacturing sector, is a welcome move.

    Read More
  • What the Indian Solar Industry Wants from Budget 2020

    Nikunj Ghodawat, chief financial officer, CleanMax, said, “This will eventually reduce the energy cost burden on the end consumer and improve the financial health of the DISCOMs.” According to Ghodawat, renewable business, like any other infrastructure business, is capital-intensive, and the availability of funds at competitive prices is an important ingredient for growth.

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  • Budget 2020 Expectations From Renewable Energy Industry

    Nikunj Ghodawat, Chief Financial Officer, CleanMax said, “renewable, like any other infrastructure business, is capital-intensive and availability of funds at a competitive price is an important ingredient for growth. While the RBI has brought down the repo rates periodically, it hasn’t been translated to the banks passing on the benefit to the end customer. Add to this, the tight lending environment on liquidity front – there are a handful of financial institutions doing fresh project finance.

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  • Budget 2020 Renewable energy Industry demands GST restructuring smooth clearances

    According to Nikunj Ghodawat, chief financial officer, CleanMax, availability of funds at competitive price is an important ingredient for sector’s growth as it is capital-intensive. “The removal of capping in the priority-sector lending limit for rooftop solar projects will ensure higher credit financing and give a much needed boost to the sector,” he added.

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  • Budget 2020 Solar Industry Wishlist for Sitharaman

    Undoubtedly, the most important economic event of the year going to take place on February 01, 2020, when the Finance Minister Nirmala Sitharaman tabled her second Union Budget in the Parliament.

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  • Privatizing DISCOMs the Way Out of their Financial Mess

    Mr. Nikunj Ghodawat, Chief Financial Officer, CleanMax said, “There is an emerging macro trend of sourcing renewable energy directly by corporates that is gaining momentum, with India retaining its position as the second-largest market for corporate renewable PPAs for two years in a row now. As ‘decentralized’ renewable power generation has increased in the total energy mix, it is of prime importance for the DISCOMs to reinvent their revenue model with a focus on adding value to distributed generation and open access business models.”

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  • Solar rooftop developers prefer open access for power supply

    “Open access was always allowed according to the terms of the Electricity Act, but more states are now giving approvals for such access,” said Andrew Hines, Co-Founder, CleanMax Solar, one of the leading rooftop developers in the country.

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