IFU, a state-owned fund, agreed to invest $34m in CleanMax, a renewable energy company. “The investment in CleanMax is in line with our ambition to support the green transition in developing countries and emerging markets. Going forward, our financing will contribute to further reduce the carbon footprint from Indian companies and assist India in reaching its target of 450 gigawatts of renewable energy by 2030,” Torben Huss, IFU CEO.