# Cleantech Solar

Cleantech Solar finances, builds, owns and operates solar and wind plants for commercial and industrial customers across Asia, holding roughly 1.2 GWp of projects in operation, construction and development across seven countries from India to Vietnam. Customers pay only for the energy generated, with no upfront capital. Headquartered in Singapore, the company became wholly owned by Keppel Ltd. and Keppel-managed investors in November 2025, when Shell sold its 49 per cent stake.

- Status: draft
- Tier: on-the-record
- Verification: verified
- Website: https://cleantechsolar.com/
- Sectors: Clean Energy & Environmental

## About

Cleantech Solar finances, builds, owns and operates solar and wind plants
for commercial and industrial customers, who pay only for the energy
generated under long-term power purchase agreements. The Singapore-
headquartered company holds roughly 1.2 GWp of projects in operation,
construction and development across India, Singapore, Cambodia, Indonesia,
Malaysia, Thailand and Vietnam, for customers including Cargill, First
Solar, Saint-Gobain and Kuehne + Nagel. Keppel Ltd. and Keppel-managed
investors took full ownership in November 2025 after acquiring Shell's 49
per cent stake.

## Capabilities

- **Rooftop solar PV** — Design, financing, construction and operation of rooftop solar photovoltaic plants for commercial and industrial sites, from 800 kWp single-roof systems in Singapore to multi-site corporate programmes.
- **Ground-mount and floating solar PV** — Ground-mounted and floating solar photovoltaic plants for C&I customers, including 10 MWp of floating solar for Cargill in Thailand and open-access parks using single-axis trackers.
- **Open-access solar** — Open-access solar parks supplying corporate offtakers via the grid, including 80 MWp of anchor projects at a 275 MWp renewable energy park in Tamil Nadu and over 300 MWp of combined capacity in Maharashtra.
- **Open-access wind** — Open-access wind energy projects supplying corporate offtakers in India.
- **Wind-solar hybrid** — Combined wind-solar hybrid generation projects, including a 167 MWp wind and solar PPA for First Solar's Indian manufacturing facility.
- **Project financing and ownership** — Cleantech Solar funds, owns and operates the assets under long-term power purchase agreements; customers pay only for energy generated, with no upfront capital expenditure. Growth funded through green loans, including US$70 million (plus US$30 million greenshoe) from Clifford Capital and ING in 2025.
- **Operations and monitoring** — Operates and maintains its installed fleet and provides a per-customer performance dashboard for monitoring output.

## Projects

### Kuehne + Nagel Singapore logistics hub rooftop solar (Kuehne + Nagel)

Power a 50,000 sqm built-to-suit logistics hub at Pioneer Crescent with on-site renewable energy, without the client owning or operating the plant.

Outcome: Generates over 1,000 MWh a year, expected to cover around 20 per cent of the facility's electricity requirements.

### Floating solar for Cargill in Thailand (Cargill)

### Wind and solar PPA for First Solar in India (First Solar)

### Open-access solar for Saint-Gobain India (Saint-Gobain India)

### Rooftop solar for Yamazaki Mazak, Singapore (Yamazaki Mazak)

### Rooftop solar for Yeo's, Singapore (Yeo's)

---

Source of truth: data/companies/cleantech-solar.yaml
Canonical page: https://theindustryindex.com/singapore/companies/cleantech-solar/