Cleantech Solar Enters Long-Term Partnership with Konica Minolta in Malaysia

Singapore headquartered Cleantech Solar, a pan-Asia supplier of renewable energy to corporates, announced the commissioning of a 3.4 MWp rooftop solar PV system at the manufacturing facility of Konica Minolta Business Technologies in Malacca.

Under a long-term Power Purchase Agreement (PPA), Cleantech Solar will provide full turnkey financing, designing, installing, maintenance, and operation of the PV system across the period of the agreement for the subsidiary of the Japanese multinational technology company.

The partnership between Cleantech Solar and Konica Minolta is expected to generate approximately 66 GWh of clean energy during the system’s lifetime, equivalent to a reduction of nearly 52 kilotonnes of CO2 emissions.

The solar PV system will contribute to the multinational company’s sustainability efforts in Malaysia, powering a part of its operations with clean, renewable solar energy.

Sachin Jain, CEO of Cleantech Solar, said: “It is heartening to see industry leaders readily embrace renewable energy and we are glad to be Konica Minolta’s trusted solar partner in Malaysia, helping them further their sustainability goals with our state-of-the-art solar PV system.”

“In keeping with the company’s focus on sustainable growth, this switch to cost-competitive solar power at zero capital investment will help them reduce emissions significantly whilst improving their bottom line.”

Managing Director of Konica Minolta Business Technologies (Malaysia) Yoshiyuki Atarashi, said: “Malaysia is a tropical country, located strategically for obtaining sunlight throughout the year and is therefore perfect for solar panel installation. We are glad to be in a cooperative partnership with Cleantech Solar to develop this 3.4 MWp solar project, as we aim to expand our use of renewable energy and contribute towards reducing CO2 emissions.