SG’s Keppel eyes stake in Indian rooftop solar power producer CleanMax

Photo from CleanMax Solar’s website

Singaporean conglomerate Keppel Corp. is among suitors for Warburg Pincus LLC’s majority stake in rooftop solar power producer CleanMax Enviro Energy Solutions Pvt. Ltd, said two people aware of the development.

The proposed transaction is valued at around $200 million, with Rothschild handling the sale process, said the people cited above, requesting anonymity. The deal value includes new investments in Mumbai-based CleanMax, they said.

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