MENA Round-Up: CleanMax Secures Debt for UAE Solar Portfolio
Here are some noteworthy cleantech news and announcements from around the Middle East and North Africa region this week
January 28, 2025
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CleanMax, a Brookfield-backed renewable energy provider specializing in the commercial and industrial sector, has secured a long-term credit facility of AED99 million ($27 million) from HSBC to expand its onsite solar portfolio in the UAE. The funding will support the development of 92 solar assets across industrial facilities, malls, schools, and universities, with an additional uncommitted accordion of AED 37 million ($10 million) for future projects.