CleanMax secures financing to develop solar projects in UAE
Author: PPD Team Date: January 24, 2025
CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE.
The facility will support the installation of 92 solar assets across industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED 37 million for future projects, in line with the UAE’s Net Zero 2050 strategy.