IFC Invests $15 Million In CleanMax Solar

IFC Invests $15 Million In CleanMax Solar


International Finance Corporation (IFC) has invested $15mn as its first equity investment globally in grid-connected distributed generation an equity investment in CleanMax Solar. This investment is in conjunction with the $100mn investment made by Warburg Pincus, a global private equity fund, in CleanMax earlier this year.

Kuldeep Jain, Founder and Managing Director of CleanMax Solar commented, “IFC is a global leader in clean energy investment, and CleanMax is honored to be their first investment globally in grid connected distributed generation. We welcome IFC’s best in class environmental, health and safety, and governance guidelines”.

Hyun-Chan Cho, Regional Industry Head, Infrastructure & Natural Resources, IFC, said, “IFC sees distributed generation segment playing a very important role in India’s future energy mix. The government of India has also laid strong emphasis on this segment. In a short span of time, CleanMax Solar has established itself as the market leader in corporate sustainability space, with an impressive client list and a strong management team which has contributed to our decision to invest in the company”.


Comments

Post a Comment

Popular posts from this blog

LT Foods To Set Up Rice Processing Plant In Europe

Image
LT Foods To Set Up Rice Processing Plant In Europe LT Foods plans to expand its geographical footprint in important markets of Europe and UK through this plant by increasing its sales from the current 5000 tonnes to 60000 tonnes over the next 3 years. With an aim to popularise its Daawat brand of rice in Europe, LT Foods commenced operations of its first rice processing plant at Rotterdam, Netherlands. LT Foods has made an investment of $15 million in the plant with initial capacity of 60000 tonnes and scope for further expansion in the future. LT Foods plant is the first rice processing plant by any Indian foods brand in Europe. The Company would be manufacturing a wide range of rice including popular varieties like Basmati, Thai, Jasmine and American rice from the new plant. Rotterdam, which is popularly known as the gateway to Europe will be a critical geographical location. Ahmed Aboutaleb, Mayor, Rotterdam, Netherlands, said, "We are extremely happy to w...
Read more

German Cosmetic Brand, BeYu Plans To Launch 300 Stores

Image
German Cosmetic Brand, BeYu Plans To Launch 300 Stores German premium cosmetic brand, BeYu from the ARTDECO group, aims to launch 300 stores by end of FY 2017-18. Out of these 300 stores, BeYu will launch 20 company owned and 280 shop-in-shop stores, BeYu India spokesperson said. In March 2017, Be Yu entered Delhi in a partnership with Kaunis Marketing Services. The brand which has presence in 40 countries globally is looking to have its stores in cities such as Mumbai, Delhi, Lucknow, Kanpur, Chandigarh, Ludhiana, Pune, Nagpur, Ahmedabad, Baroda, Surat, Bengaluru, Hyderabad, and Kolkata among other. Ajay Ghooli, Managing Director, Kaunis Marketing Services, said, "By the end of this year BeYu plans to have approximately 300 stores across cities including Mumbai, Delhi, Lucknow, Kanpur, Chandigarh, Ludhiana, Pune, Nagpur, Ahmedabad, Baroda, Surat, Bengaluru, Hyderabad, and Kolkata."
Read more

Wai Wai City Plans To Open 1500 Outlets In Next Five Years

Image
Wai Wai City Plans To Open 1500 Outlets In Next Five Years Following in the footsteps of its flagship outlet at Hauz Khas Village, New Delhi, Wai Wai City, a ready to eat at noodle bar from popular noodle brand, Wai Wai, has now marked its presence at Logix City Centre, Noida. The QSR format has already started to roll out through the franchise channel with plans to invest Rs 250 crore for expansion. It also aims to open 1500 outlets over the next five years across multiple markets. Wai Wai City will be spread across with formats, like, food courts, self-standing kiosks, standalone outlets, highway formats and an integrated format. Varun Chaudhary, Executive Director, CG Corp Global, said, "Wai Wai City is an endeavor to bring the brand closer to its customers in a more tangible manner. We wanted to come up with something that evokes nostalgia in people, taking them back to their school and college days when Wai Wai noodles was the favourite snac...
Read more