Rayong, Thailand, 16 March 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 Robert Bosch Automotive Technologies (Thailand) Company Limited, a subsidiary of the Germany-based Bosch Group, to develop a 740 kWp solar PV system at Bosch’s first SMART factory in Thailand, located in Hemaraj in the Eastern Economic Corridor. This is the third phase of the solar PV project that Cleantech Solar is developing for the automotive giant, with the first two phases running successfully since 2020 and 2021 respectively. This new phase takes the total system size to 2 MWp.
The long-term solar partnership between Cleantech Solar and Bosch is expected to generate approximately 47 GWh of clean energy during the lifetime of the project, leading to a reduction of nearly 25 kilotonnes of CO2 emissions. Cleantech Solar is the turnkey solar energy provider and has financed, designed, built, and will be operating and maintaining the project throughout the term of the agreement.
Mr. Martin Knoss, Regional President ASEAN of Bosch Powertrain Solutions, noted: “Bosch Thailand is already operating 100% on solar electricity, either out of our own solar source or purchased as solar energy from the grid. With this further extension of our solar rooftop area, we can rely even more on own sources. The project with Cleantech Solar is one of our lighthouse activities and it has always been a pleasure to work with Cleantech as a very reliable partner.”
Mr. Raju Shukla, Founder and CEO of Cleantech Solar, said: “We’re very happy to strengthen our solar partnership with the Bosch Group in Thailand. It is an honour to be chosen again as the partner of choice by the automotive multinational. This project is a testament to Bosch’s commitment to reduce their carbon footprint, making sustainable manufacturing their motto. Cleantech Solar is focused on providing the world’s top corporates with high-quality, reliable and cost-effective renewable energy, helping them achieve their net zero ambitions whist significantly lowering energy costs.”
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 Bosch in Thailand:
Bosch´s history in Thailand started in 1923. Bosch has diversified businesses in the country in all four of its business sectors of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company has two manufacturing plants for mobility solutions, a research and development centre for its mobility solutions division, plus a drive and control sales and services facility in Rayong. Bosch Thailand employs approximately 1,200 associates. Additional information is available at www.bosch.co.th and https://www.facebook.com/BoschThailand.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,600 associates worldwide (as of December 31, 2021). The company generated sales of 78.7 billion euros in 2021. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0 and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe and exciting. It uses its expertise in sensor technology, software and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 128 locations across the globe, Bosch employs some 76,100 associates in research and development, of which more than 38,000 are software engineers.
Read the press release in Thai