Kuldeep Jain

CleanMax Solar Donates Rooftop Solar Plant to Ahinsa Sthal in Delhi

With this installation, Ahinsa Sthal has replaced over 35 percent of it’s power consumption and estimated to save Rs 50,000 per year on its electricity bills. In a step towards environment conservation, Gurgaon-based solar developer, CleanMax Solar, has donated a 6.4 kWp rooftop solar plant to Ahinsa Sthal, a prominent Jain temple in Meherauli, Delhi. With this installation, […]

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Budget 2018: Solar Industry Demands Clarity, Relief in Safeguard Duty

According to industry experts, the imposition will not only increase the tariff by almost Re 1 but it will put the projects under execution in deep trouble resulting in making them unviable, turning them into non-performing assets. With the proposed imposition of 70 percent safeguard duty on import of solar power equipment and concerned about […]

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World Bank’s IFC Funds CleanMax Solar with $15 Million

IFC also invested $125 million in Hero Future Energies, Hero Group’s renewable arm against an undisclosed equity stake. A senior executive from rooftop solar company CleanMax Solar has announced that the firm which is currently backed by American private equity giant Warburg Pincus has recently secured $15 million of funding against equity capital from International […]

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CleanMax Solar Announces Equity Financing of USD 100 Million from Warburg Pincus

The investment will enable CleanMax Solar to pursue additional growth opportunities beyond India, and provide next generation solutions to the customers through a combination of rooftop solar and energy storage. CleanMax Solar, India’s largest rooftop solar developer for the corporate sector, today announced that it has secured equity financing of up to USD 100 million […]

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Rooftop solar units from third party costs 40 percent cheaper than DISCOMs

Rooftop solar units installed on industrial and corporate establishments by third parties are offering power 30-40% cheaper than the rates offered by the state’s power distribution companies. This gap is expected to widen further as thermal power companies would need to increase tariffs to accommodate inflationary measures and solar modules prices fall further. The model […]

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