Cleanmax Solar

The company said Augment is purchasing the existing stake of Yellow Bell Investment Ltd and International Finance Corporation (IFC) in CleanMax

UK Climate Investments signed three different deals in India till date

Bengaluru-based solar energy firm Cleanmax Solar, which reported to have a 23 per cent market share in roof top solar space, is planning to double its roof top installation to 100 MW with an investment of around Rs 500 crore. The company is in talks with various investors including private equity firms to raise funds."Last year in roof top solar, we did around 45 MW projects. In the current fiscal year we are looking at something upwards of 100 MW in rooftop. The utility projects to corporate customers saw an installation of around 65 MW last year and we are planning to have 150 MW during this year," said Andrew Hines, co-founder, CleanMax Solar.The investment would be approximately Rs 5 crore per megawatt as project cost and it would require roughly Rs 500 crore for the roof top projects this year. Around 70 per cent would be debt and the rest would be equity. The company is in discussion to raise private equity fund, which is not concluded yet. "We are looking at equity funding for .