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.
The Singapore-headquartered corporate renewable energy provider installed the 40 MWp captive solar project at its 280 MWp PV park in Tamil Nadu.
Corporations in the Asia-Pacific region are set to contract a record 7 GW of renewable capacity in 2022, according to a new report by Wood Mackenzie. Solar accounts for 57% of the region’s contracted corporate renewable power purchase agreements (PPAs) to date. India, Australia and Taiwan account for 89% of overall capacity in the region.
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