IFC bets on green power, invests $15 million in CleanMax Solar

Reaffirming its green credentials, the International Finance Corporation (IFC) has made an equity investment of USD 15 million in CleanMax Solar. This is IFC’s first equity investment in grid-connected distributed generation globally, an official statement stated today. CleanMax Solar, a leading sustainability partner for large corporates, enjoys the No. 1 position in India as a rooftop solar developer with 24 per cent market share, according to Bridge to India May 2017 report. It is commissioning over 250 MW of open access solar farms to provide power to corporate users.