Adding to its reputation of India’s leading Rooftop Solar Developer, CleanMax Solar’s very own CFO Mr. Nikunj Ghodawat bagged the “Best CFO of the Year” at Renewable Energy and Finance Forum REIFF 2017. Recognizing the excellence in the field of renewable energy, the awards objective is to foster the dialogue between economists, policymakers, industry representatives and banking experts on numerous topics in the field of clean energy. Mr. Nikunj Ghodawat received the award at The Leela, Mumbai for his extraordinary leadership in taking CleanMax Solar to where it is today.
Mr. Nikunj Ghodawat has been with the company for the last four years in which he has helped pioneer the finance for various solar projects from HNI investors via wealth advisors. He has helped CleanMax Solar raise USD 100 mn of private equity capital in rooftop segment from Warburg Pincus which is one of the largest private equity infusion in the sector and only energy investment for Warburg Pincus in Asia. After a comprehensive and rigorous selection process, Mr. Nikunj Ghodawat emerged victorious from amongst several nominations that were judged by a panel of eminent experts.
Commenting on the accomplishment, Mr Nikunj Ghodawat, CFO, CleanMax Solar commented, “I am delighted and honoured with this acknowledgement at REIFF, because such awards encourage us to assist corporates in India & abroad to achieve their sustainability goals in a risk-free, capex-free, and hassle-free manner. Additionally it also helps them save around 20-30% cost on their electricity bills. With clients in the automobile, education, F&B, IT, pharmaceuticals, PSUs and infrastructure segment under our belt, with each commissioned project, we are seeing a tremendous growth in the sector. ”
CleanMax strives to be Asia’s largest and most valuable renewable energy platform for corporates and has recently expanded in Middle East market. It will continue to strengthen its position in the Indian market and also develop portfolio across other Asian countries which are providing right risk/ return profile. This year is also the third consecutive year CleanMax Solar has been conferred India’s #1 rooftop solar developer with a market share of 24% by Bridge to India Rooftop Solar Map 2017.
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