What is Cleantech Solar?
Headquartered in Singapore, Cleantech Solar operates as a premier supplier of renewable energy solutions tailored for corporate clients. The company distinguishes itself through a unique blend of regional scale and localized agility, managing the full lifecycle of solar power plants—from initial development and construction to long-term operations. Its portfolio spans key markets including India, Thailand, Malaysia, and the Philippines, positioning the firm as a vital contributor to the decarbonization of the Asian corporate sector. By focusing on high-impact solar installations, Cleantech Solar provides reliable, clean energy that helps multinational corporations meet their environmental, social, and governance (ESG) targets while optimizing operational costs.
How much funding has Cleantech Solar raised?
Cleantech Solar has raised a total of $327.4M across 3 funding rounds:
Corporate Investment
$150M
Debt
$75M
Debt
$102.4M
Corporate Investment (2021): $150M with participation from Keppel Corporation
Debt (2024): $75M led by Tata Capital
Debt (2024): $102.4M supported by Aseem Infrastructure Finance
Key Investors in Cleantech Solar
Keppel Corporation
A flagship multinational company based in Singapore, Keppel Corporation focuses on sustainable urbanisation, energy, and environmental solutions, leveraging its expertise to maintain real assets that benefit both the planet and the company.
Tata Capital
The flagship financial services arm of the Tata Group, Tata Capital operates as a non-banking financial company providing diverse capital solutions to support large-scale industrial and infrastructure growth.
Aseem Infrastructure Finance
A Reserve Bank of India-registered non-banking finance company, Aseem Infrastructure Finance specializes in providing comprehensive financial solutions for complex infrastructure projects, including green energy and power transmission.
What's next for Cleantech Solar?
With the recent influx of capital, Cleantech Solar is well-positioned to accelerate its development pipeline and enhance its technological infrastructure. The company's strategic focus will likely shift toward deepening its penetration in existing markets while exploring emerging opportunities in green energy storage and grid integration. As the demand for corporate power purchase agreements (PPAs) continues to rise across Asia, Cleantech Solar's ability to secure large-scale debt and equity financing will be a primary driver of its future market dominance. The firm remains a bellwether for the broader renewable energy sector, signaling a shift toward institutional-grade infrastructure projects that prioritize long-term sustainability and reliable energy yields.
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