Equity Investment in Renewable Energy Projects in India
India, March 10 -- The Japan Bank for International Cooperation (JBIC) signed on March 7 a shareholders' agreement for a joint investment with Osaka Gas Co., Ltd. (Osaka Gas) in a portfolio of renewable energy projects implemented by Clean Max Enviro Energy Solutions Private Limited (CleanMax), an Indian company, through Clean Max Osaka Gas Renewable Energy Private Limited (CORE) in India. CleanMax is a leading corporate power purchase agreement (Corporate PPA) provider in India, which supplies electricity from renewable sources, such as solar, wind, and hybrid power. JBIC, together with Osaka Gas, will make an equity investment in these projects, which are developed and operated by Clean Max based on Corporate PPA, mainly in Karnataka, Ind...
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