Mumbai, 14 February, 2024: Cleantech Solar, a leading provider of renewable energy solutions to corporations in India and Southeast Asia, is delighted to announce the commissioning of open access solar PV projects totalling 24 MWp at its state-of-the-art solar park in Yavatmal district of Maharashtra. Power from these projects is being procured by leading corporates on a captive basis to meet energy needs for their manufacturing operations in the state. These projects cater to customers across automotive, pharmaceutical, cement, industrial equipment and chemical sectors.
These projects have been developed using single-axis trackers for increased generation and efficiency. The trackers make use of sensors and control systems to continuously adjust the tilt and orientation of solar panels to track the sun’s path from sunrise to sunset. They can thus optimise the angle of incidence of sunlight by following the sun’s trajectory, maximising energy production.
The long-term partnerships between Cleantech Solar and the leading Commercial & Industrial (C&I) customers are estimated to generate more than 911 GWh of clean energy during project lifetime, leading to a reduction of approximately 833 kilotonnes of CO2 emissions. These partnerships reiterate Cleantech Solar’s commitment to providing quality renewable energy solutions and strengthen its position as the premier solar developer in Maharashtra with over 15 blue-chip customers. This takes the total portfolio size in Maharashtra to over 300 MWp across operations and construction stages, consisting of solar, wind and hybrid power projects. Cleantech Solar’s focus on expanding its C&I portfolio, currently at 1.2 GWp, aligns with its commitment to sustainable growth.
Mr. Sachin Jain, Chief Executive Officer of Cleantech Solar, said:
“It gives me immense pleasure to announce the commissioning of these projects for top-tier corporate customers. Our state-of-the art solar parks in Maharashtra leverage the latest and best-in-class technology to provide high-quality and stable renewable power to our clients, helping them diversify their energy sources and manufacture sustainably whilst reducing energy costs significantly.”
About Cleantech Solar (www.cleantechsolar.com):
Cleantech Solar is a pan-Asia supplier of renewable energy to corporates, combining the capabilities of a global player with responsiveness and agility. Headquartered in Singapore, Cleantech Solar has numerous solar and wind hybrid projects across India and Southeast Asia, covering approximately 1.2 GWp of assets in operations, construction and development stages. This includes installations in India, Singapore, Cambodia, Indonesia, Malaysia, Thailand and Vietnam. The company is backed by long-term strategic shareholders – Keppel Ltd., Keppel Asia Infrastructure Fund and Shell Singapore Pte. Ltd.