The International Finance Corporation (IFC) has invested $45 million in CleanMax Energy (Thailand), a subsidiary of Clean Max Enviro Energy. The funding is supporting 35 MW of new solar projects and refinancing 41 MW of operational capacity. This is IFC’s first debt investment in a Thai renewable developer focused solely on the commercial and industrial (C&I) segment. CleanMax has aimed to expand its C&I footprint in Thailand and attract commercial lenders. IFC stated that the C&I solar market in Thailand could triple in the next decade. The partnership is intended to scale up renewable assets and meet growing demand from industries. CleanMax, backed by Brookfield, is a leading Indian provider of renewable and net-zero solutions. The investment aligns with the rising momentum of industrial solar adoption in the country.