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Home Renewable Solar

CleanMax Obtains Financing for UAE Onsite Solar Projects

Urja Daily by Urja Daily
January 25, 2025
in Solar
Reading Time: 1 min read
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CleanMax
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CleanMax has secured a long-term credit facility of AED99 million from Hong Kong and Shanghai Banking Corporation to develop and finance its onsite solar portfolio in the UAE.

The facility will support 92 solar assets at industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED37 million for future projects, in line with the UAE’s net zero 2050 strategy.

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