UK invests £30M to expand India's solar farm network

- CleanMax Solar, recipient of investment, will use capital to enhance portfolio from 500 MW to 2,000 MW in next three years

home > Solar, Asia 24.04.2019 11:17 Zeynep Beyza Karabay

UK invests £30M to expand India's solar farm network

U.K. Climate Investments (UKCI), a joint venture between the Green Investment Group and the government, announced a £30 million ($38.8 million) investment deal on Tuesday in CleanMax Solar, one of India’s leading providers of renewable energy for commercial and industrial clients.

The investment will support the development of a nationwide network of solar farms in India.

CleanMax Solar aims to enhance their portfolio from 500 megawatts (MW) to 2,000 MW over the next three years.

"Our partnership represents an exciting opportunity to help take CleanMax Solar's platform to the next level, underpinning investment in new renewable generation capacity whilst accelerating India’s transition to a low-carbon future," said Richard Abel, managing director of UKCI.

By Zeynep Beyza Kilic

Anadolu Agency

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