Cleantech Solar, a leading provider of renewable energy solutions, has signed a contract for a 1.8 MWp rooftop solar PV system at Bell Textron Asia (Pte) Ltd.’s plant at Seletar Aerospace Park, Singapore. The company is a fully owned subsidiary of American conglomerate Textron.
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Keppel Corporation-led consortium has acquired a 51 per cent equity stake in Singapore-based solar developer Cleantech Solar for up to $150 million. Keppel Asia Infrastructure Fund LP (KAIF) is a member of the consortium, as well as a co-investor. Cloud Alpha Pte Limited, a subsidiary of the consortium, will buy the stake.
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Cleantech Solar has secured USD75 million green loan from ING Bank N.V.. It will use the proceeds to finance expansion across Southeast Asia.
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