India-based CleanMax, a Brookfield-backed renewable energy provider, has secured a long-term credit facility of AED 99 million (USD 27 million) from HSBC. The funds will be used to develop and finance 92 onsite solar projects in the UAE. These projects will be deployed across industrial facilities, malls, schools, and universities. The agreement includes an uncommitted accordion of AED 37 million (USD 10 million) for future projects. The initiative aligns with the UAE’s Net Zero 2050 Strategy. CleanMax aims to provide tailored energy solutions for Commercial & Industrial (C&I) clients. 

Source:  EconomicTimes