Cleantech Solar lands ‘Asia Pacific’s largest C&I solar loan’ from ING for expansion

Facebook
Twitter
LinkedIn
Reddit
Email
Cleantech Solar’s rooftop system for Yamazaki Mazak. Image: Cleantech Solar.

Asian C&I solar specialist Cleantech Solar has secured a US$75 million loan to fund its expansion across Southeast Asia.

The Singapore-based installer, which counts O&G major Shell amongst its investors, has struck an agreement with ING Bank’s Singapore branch in what the company has described as Asia Pacific’s largest ever green loan for C&I rooftop projects.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The financing will be used to support Cleantech’s strategy of delivering more than 500MW of solar power projects throughout Southeast Asia, providing renewable energy to a host of multinational corporates in the region.

Jasmine Choo, chief operating officer at Cleantech Solar, said the company would now be able to accelerate its portfolio expansion.

Shell acquired a 49% stake in Cleantech Solar in December 2018, adding the company to a portfolio of clean energy investments the oil and gas giant has made in recent years. Since then Cleantech has sought to expand its presence in the region, signing C&I solar deals with the likes of Tesco Lotus.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
Premium
June 27, 2025
PV Talk: '2024 was a transformational year in terms of energy policy,' says Monika Paplaczyk ahead of this year's Clean Power 2030 Summits.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.
June 24, 2025
Independent power producer (IPP) Recurrent Energy has secured €61.5 million (US$71.4 million) in financing for its Italian renewables portfolio.
June 24, 2025
BluPine Energy has raised INR2,416 million (US$290 million) debt sanctions for its 150MW power project in Aland, Karnataka.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece