Singapore, 7 February 2023: Cleantech Solar, a leading provider of renewable energy solutions to corporations in Southeast Asia and India, has signed a power purchase agreement (PPA) with food and beverage conglomerate YHS (Singapore) Pte. Ltd., subsidiary of Yeo Hiap Seng Limited, to develop an 800 kWp rooftop solar PV system at the latter’s manufacturing facility in Senoko.
The long-term partnership between Cleantech Solar and Yeo Hiap Seng is expected to generate approximately 18.5 GWh of renewable energy during the project’s lifetime, which amounts to a reduction of over 7.5 kilotonnes of CO2 emissions. Cleantech Solar will provide a complete turnkey solar solution, with the project being operated and maintained by Cleantech Solar throughout the term of the agreement.
Mr. Colin Tan, Chief R&D Officer at YHS (Singapore) Pte. Ltd., who heads YHS’ Sustainability Committee, said: “We are delighted to partner with Cleantech Solar in our renewable energy journey to help power our manufacturing operations. As a Singapore heritage brand with over 120 years of history, we strive to enhance the sustainability of our operations and are committed to supporting Singapore’s ambition of achieving net zero emissions by 2050. We will look to explore other forms of renewables in the future to support our business goals.”
Mr. Raju Shukla, Founder and CEO of Cleantech Solar, said: “It is wonderful to be the solar partner of choice for Yeo’s in Singapore, powering their manufacturing facility with our top-of-the-line solar solution. The energy generated from this rooftop solar project will lead to markedly reduced carbon emissions along with providing security of energy supply. Congratulations to Yeo’s on this significant step towards their sustainability goals and we look forward to the successful commissioning of the solar PV system.”
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
About Yeo Hiap Seng Ltd. (https://www.yeos.com.sg/):
Yeo Hiap Seng is a Singapore-based heritage brand that has pioneered innovations in Asian beverages for more than a century. It is the first in the world to package Asian drinks in Tetra Brik aseptic cartons using UHT process and the first to offer curry chicken in canned form. Yeo’s popular range of soybean and chrysanthemum drinks are widely sold in Asia, Europe and North America.
The Group serves more than 30 markets around the world where the Yeo’s portfolio of Asian food and beverages are known for its authentic flavours and exceptional quality. More than 80% of its beverages are from healthier choice products, making them the natural choice among consumers.