Warburg Pincus invests up to $100 million in CleanMax Solar

PE firm Warburg Pincus has invested about Rs 7 billion ($100 million) in CleanMax Enviro Energy Solutions Private Limited, a rooftop solar project developer. Reportedly, it is Warburg’s seventh transaction in India in the past year. CleanMax Enviro Energy Solutions will use the funds to continue its growth in the rooftop and open access solar power markets in India, while pursuing growth in select international markets.