Cleantech Solar has commissioned 80 MWp of open-access PV projects at its 275 MWp solar park in Tamil Nadu, catering to industrial offtakers.
Cleantech Solar has announced the financial close of a long-term debt finance amounting to INR 855 crore ($102.49 million) from Aseem Infrastructure Finance Ltd.
The solar projects will supply power to customers across automotive, pharmaceutical, cement, industrial equipment, and chemical sectors.
Cleantech Solar has secured a long-term senior secured loan facility worth INR 6.25 billion (over $75.2 million) from Tata Capital Ltd to advance its open-access projects in India.
Ritesh Singhi joins Cleantech Solar from Ampin Energy Transition, where he served as chief operating officer for the commercial and industrial segment.
Cleantech Solar will develop 150 MW of solar PV and 16.8 MW of wind-generating assets in Tamil Nadu, supplying around 7.3 GWh of clean electricity to First Solar’s new 3.3 GW vertically integrated solar manufacturing facility in the state. The solar component of the project will utilize First Solar’s India-made Series 7 modules.
The solar plant is estimated to generate around 187 GWh of green power over its lifecycle, helping to offset over 171 kilotonnes of carbon emissions.
Cleantech Solar has signed power purchase agreements (PPAs) for 60 MWp of PV projects being built in the Tirunelveli district. The PPAs were signed with commercial & industrial customers in the state.
Sachin Jain joins Cleantech Solar from Boston Consulting Group (BCG), where he served as the head of clean energy for India and the global co-lead for solar energy.
The Singapore-headquartered corporate renewable energy provider has deployed 37 MWp of solar photovoltaic (PV) projects for captive consumption by a global industrial manufacturing giant. It installed the capacity at its solar parks across Maharashtra.
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