Cleantech Solar bags 27MW of industrial rooftop PPAs in Asia

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Customers will not have to make any upfront investments. Credit: Cleantech Solar

Singapore-headquartered clean energy provider Cleantech Solar has signed power purchase agreements (PPAs) for 27MW of industrial rooftop solar projects across three customers in three Asian countries.

The contracts cover full turnkey financing, design, installation, and full-life O&M of the solar PV systems.

Customers will not have to make any upfront investments and will benefit from lower electricity prices.

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.”

One third of renewable energy PPAs in Southeast Asia are expected to be corporate in next 3-5 years, according to one prominent C&I solar developer in the region.

Read Next

April 12, 2021
A consortium between Abu Dhabi-based Masdar, EDF Renewables and Nesma Holding Company has broken ground on a 300MW PV project in Saudi Arabia.
April 8, 2021
Utility group Black Hills Energy has signed a 15-year power purchase agreement (PPA) with solar energy company 174 Power Global for its first large-scale solar power project in Colorado, US.
April 7, 2021
Saudi Arabian developer ACWA Power has finalised agreements for the 200MW Kom Ombo solar plant in Egypt, with construction work set to begin later this year.
April 6, 2021
Dubai-based Phanes Group has signed a deal with the government of Uzbekistan to develop a 200MWac PV project in the country.
March 30, 2021
A round-up of project updates from across the global solar industry, including updates from Israel's Shikun & Binui, independent power producer Sonnedix and UK-based Hive Energy.
PV Tech Premium
March 24, 2021
Distribution Network Operators (DNOs), are still working to adapt their infrastructures that can cope with switching from constant, high-carbon power resources to ‘intermittent’ renewables.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET