Chennai, 17 January 2023: Cleantech Solar, a leading provider of renewable energy solutions to corporations in India and Southeast Asia, has commissioned 37 MWp of solar photovoltaic (PV) projects for a global industrial manufacturing giant at its solar parks across Maharashtra with a total capacity of 300 MWp. Power will be procured by the client from these solar parks on a captive basis, providing green energy to their manufacturing facilities in the state.
This long-term solar partnership between Cleantech Solar and the customer is expected to generate over 1.3 TWh of clean energy during project lifetime, amounting to a reduction of approximately 1,198 kilotonnes of CO2 emissions. Cleantech Solar is the turnkey solar provider and has designed, financed and built the fully operational solar project. The developer will also provide operation and maintenance services for the project throughout the term of the agreement.
Mr. Raju Shukla, Founder and CEO of Cleantech Solar, said: “We are honoured to be the chosen sustainability partner for some of the world’s leading industrial manufacturers, providing renewable energy to the client from our state-of-the-art solar parks in Maharashtra in this instance. The procurement of renewable energy by top corporate consumers is a great sign and indicates their commitment to power operations sustainably, reducing their carbon footprint and minimising environmental impact. Our high-quality solar solution requires no investment from the client, provides security of energy supply and significant savings on energy costs. Congratulations to both teams on the successful commissioning of the systems and we hope to build on this partnership further.”
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 power plants across India and Southeast Asia, covering over 750 MW across the various stages of operations and construction with many more solar and wind projects under development. This includes installations in India, Singapore, Cambodia, Indonesia, Malaysia, Thailand and Vietnam.
The company is backed by long-term strategic shareholders – Keppel Corporation, Keppel Asia Infrastructure Fund and Shell Eastern Petroleum.
The company helps corporations to meet their sustainability goals, offering them a unique combination of:
- Adherence to highest standards of corporate governance ensuring successful long-term partnerships
- Leading technical expertise with proven ability to deliver safe, high-quality projects
- Experienced local teams in each market with in-depth understanding of regulatory landscape and customer requirements enabling tailor-made solutions
- Interactive real-time data visuals and analytics enabling comprehensive monitoring and maintenance of our renewable energy plants, facilitating customer involvement through project life