Singapore, February 14th, 2018 – The Singapore-headquartered clean energy provider, Cleantech Solar, inked last week new rooftop solar power purchase agreements for 27 MWp with 3 industrial customers in 3 different countries in Asia.
Over the previous week, Cleantech Solar, the leading provider of solar solutions for corporate customers in Asia has inked long-term solar Power Purchase Agreement (PPA) partnerships for 27 MWp of on-site solar projects in 3 different countries in Asia with 3 separate industrial customers. These contracts will cover full turnkey financing, design, installation, and full-life operation and maintenance of the solar PV systems. The customers will be able to make a significant step towards reduced emissions without having to make any investment themselves and in addition will benefit from lower-than-grid energy costs for the solar portion of their consumption.
These recent commercial successes bring Cleantech Solar’s signed portfolio of corporate clients to 80 MWp. This milestone underlines the trust in the capability of Cleantech Solar to deliver customer-centric solutions across different regions and industrial sectors.
Raju Shukla, Chairman of Cleantech Solar said:
“We are delighted that industry leaders in their respective areas have once again chosen Cleantech Solar for their long-term solar requirements. Those three systems will be amongst the world’s largest rooftop solar projects.
This not only shows that corporations are increasingly seizing the opportunity of competitive on-site renewable energy but are also embracing the solar-as-a-service model where our strong balance sheet enables us to carry the full capital investment.
It also shows that our unique regional footprint does make a difference with customers who are increasingly asking for repeatable solutions.
The team at Cleantech Solar is very proud that the strength of the company’s track record was recognised not only on quality, output performance but also for its focus on safety.”
More details about each individual project will soon be shared upon receiving customer approvals.
About Cleantech Energy Corporation (www.cleantechsolar.com)
Cleantech Solar is the leading pan-Asia solar energy provider to Commercial and Industrial Customers. With a portfolio of more than 80 MWp and 100 sites in India and South-East Asia, Cleantech Solar offers solar-as-a-service solutions by financing, installing, operating and maintaining rooftop solar power plants for corporations. Founded in 2014, the company is backed by a strong and committed board with deep expertise in the financial sector and supported by industry experts in the solar PV sector who have developed, financed and installed over USD 1bn of projects