Singapore headquartered Cleantech Solar, a provider of renewable energy solutions to corporations in India and Southeast Asia, has signed long-term power purchase agreements (PPAs) with leading Commercial and Industrial (C&I) customers in the state of Tamil Nadu to develop in the region of 60 MWp of open access solar PV projects.
These projects are being built at the developer’s state-of-the-art solar park in Tirunelveli district. Power from these projects will be procured by the consumers on a captive basis and will power their manufacturing operations in the state.
The projects are being developed for customers across diverse sectors such as automotive, chemicals, and education.
With these projects, Cleantech Solar further solidifies its position as the leading solar developer in Tamil Nadu with over 15 blue chip customers and projects totalling about 300 MWp across operations and construction stages.
Commenting on the agreements Sachin Jain, Chief Executive Officer of Cleantech Solar, said: “It is wonderful to partner with the world’s leading C&I customers, enabling them to make the switch to green energy. Tamil Nadu has been a frontrunner in renewable energy development and our state-of-the-art solar park in the state will provide clean energy to our customers, helping them decarbonise and achieve their green energy targets.
Headquartered in Singapore, Cleantech Solar has numerous solar and wind projects across India and Southeast Asia, covering approximately 1GWp of assets in operations, construction and development stages. 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 Singapore.