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Case

Green financing

Offshore wind

Solar energy

Green energy to large companies in India

2. December 2022
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Solution provider

Investment Fund for Developing Countries – IFU

IFU is the Danish Development Finance Institution providing risk capital for private sector investments in developing countries and emerging markets. Investments are made on commercial terms in the form of equity, loans and guarantees. The purpose is to support the green transition and create just and inclusive societies.

More from Investment Fund for Developing Countries – IFU

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Challenge

IFU has provided financing for CleanMax.

The company acts as sustainability partner to leading corporates in Asia, by developing solar and wind projects under the Build Own Operate model by providing renewable electricity under long-term agreements.

IFU's investment in CleanMax

IFU is investing USD 34m in CleanMax, a leading renewable energy company in the commercial and industrial (C&I) segment in Asia, having built an aggregated capacity of 750+ MW of installed solar and wind-solar hybrid power.

Read more about the investment

Solution

The solution offered creates significant savings for end-users and substitutes fossil fuels with renewable energy and thereby reduces CO2-emmissions.

Result

IFU supports the 17 UN Sustainable Development Goals.

We do that by investing knowledge and risk capital in sustainable companies that create impact in developing countries and a return to their investors.