December 22

Danish Investment Fund Invests $34 Million in CleanMax

The Danish Investment Fund for Developing Countries (IFU) is investing $34 million in CleanMax, a renewable energy company in the commercial and industrial segment in Asia.

India is the third-largest consumer of electricity in the world. Today, 60% of the country’s consumption is based on fossil fuel, especially coal. By investing $34m in CleanMax, IFU will contribute to the green transition and make it easier for Indian companies to reduce their carbon footprint.

Photo courtesy of andreas160578.

Source: Live Mint (link opens in a new window)

energy access, renewable energy