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PV - Cleantech Solar completes 1 MW PV system for Thai automotive parts manufacturer Daiwa Kasei - Renewable Energy Magazine, at the heart of clean energy journalism

PV - Cleantech Solar completes 1 MW PV system for Thai automotive parts manufacturer Daiwa Kasei - Renewable Energy Magazine, at the heart of clean energy journalism
renewableenergymagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renewableenergymagazine.com Daily Mail and Mail on Sunday newspapers.

India: Cleantech Solar promoters in talks to sell majority stake

India: Cleantech Solar promoters in talks to sell majority stake July 2, 2021 The promoters of Cleantech Solar Energy aim to sell their controlling stake in the green energy firm backed by Royal Dutch Shell, said two people aware of the development. Standard Chartered has been hired to find a buyer for the potential transaction that could rank among the largest so far in India’s solar rooftop space. Cleantech Solar has a 500-megawatt (MW) portfolio under various stages of development across India, Indonesia, Cambodia, Malaysia, Thailand, Vietnam and Singapore. In January 2019, Shell Eastern Petroleum (Pte) Ltd acquired a 49% stake in Singapore-headquartered Cleantech Solar. The remaining 51% stake is held by the founders’ holding company, which has promoters including chairman Raju Shukla as stakeholders.

Solar plant portfolio expanded

Solar plant portfolio expanded 8 Cleantech Solar Cargill s Lopburi facility. Cargill s move to adopt solar energy in Thailand is in line with its global commitment to reduce Scope 1 and 2 greenhouse emissions by 10% by 2025. Cleantech Solar has announced the completion of four rooftop solar PV systems at Cargill sites across Thailand through long-term agreements under which Cleantech has funded, built and will operate and maintain the systems. The solar power plants have a combined generating capacity of 2.4 megawatts and are located at different locations in Lop Buri, Korat and Phetchaburi. The four operating sites are expected to generate over 3,000 megawatt-hours of electricity a year, which is equivalent to reducing 1,750 tonnes of CO2.

PV - Cleantech Solar completes installation of rooftop solar arrays at Cargill sites in Thailand - Renewable Energy Magazine, at the heart of clean energy journalism

Courtesy of Cleantech Solar The solar power plants have a combined generating capacity of 2.4 MW and are located in different locations in Lopburi, Korat and Phetchaburi. The four operating sites are expected to generate over 3,000 MWh of clean electricity in a year which is equivalent to reducing 1,750 tonnes of CO2, representing perceptible efforts by Cargill to cut down greenhouse gas emissions from its operations globally. Southeast Asia’s growth in electricity demand has been one of the fastest in the world and there is substantial potential for the adoption of renewable energy in the region. To meet the rising electricity demand with affordable, reliable and sustainable sources, Thailand has set a target to increase the use of renewables to 30 percent of the country’s overall energy consumption by 2036. The new sites will add on to Cleantech Solar’s portfolio of operating solar power plants in Thailand, which have since generated over 35 GWh of clean electricity, eno

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