Nikunj Ghodawat, CFO, CleanMax Solar bags best CFO Award at REIFF 2017

CleanMax Solar’s CFO,Nikunj Ghodawat has 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.  Nikunj Ghodawat received the award at The Leela, Mumbai for his extraordinary leadership in taking CleanMax Solar to where it is today.

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, Nikunj Ghodawat emerged victorious from amongst several nominations that were judged by a panel of eminent experts.

Commenting on the accomplishment,  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. ”

Early this month As part of the 2.5 MW contract secured with the Delhi Government’s power generation arm, Indraprastha Power Generation (IPGCL), CleanMax Solar commissioned a 140 kWp solar plant at the food and craft bazaar, Dilli Haat in Pitampura. This rooftop solar power plant is expected to generate 1.97 lac units of electricity through the year. This will help achieve a whopping 50 percent saving per unit, reducing INR 9.7 lacs per annum on the electricity cost.