Clean Max Enviro Energy Solutions (CleanMax) has raised Rs 2,500 crore through green debt securities (NCDs) on a private placement basis. The NCD issuance was structured across five series with maturities ranging from 2 years to 10 years and coupons ranging from (8.25% to 8.76%) under a fixed rate structure, attracting wide participation from international and domestic investors. The issue follows CleanMax's first CRISIL rating; i.e. CRISIL AA/Stable on both its corporate credit and its NCD program, assigned in September 2026.
Issued under CleanMax’s Green Bond Framework, the bonds are backed by a defined green-use-of-proceeds framework, allocated for large-scale renewable energy projects. The Framework has been independently reviewed by CareEdge Advisory for alignment with applicable SEBI regulations and the ICMA Green Bond Principles, 2025. This was raised through rated, secured, listed, redeemable Non-Convertible Debentures (NCDs) on a private placement basis.
Clean Max Enviro Energy Solutions is a commercial and industrial (C&I) renewable energy provider. Its key offerings include supplying renewable power, providing energy services, and offering carbon credit solutions.
