Cleantech Solar lands 'Asia Pacific's biggest C&I solar finance' from ING for development
- Asian C&I solar specialist Cleantech Solar has actually secured a US$ 75 million financing to money its development across Southeast Asia.
The Singapore-based installer, which counts O&G significant Shell amongst its investors, has actually struck an arrangement with ING Bank's Singapore branch in what the firm has actually described as Asia Pacific's biggest ever eco-friendly financing for C&I rooftop projects.
The financing will certainly be made use of to sustain Cleantech's technique of supplying greater than 500MW of solar energy tasks throughout Southeast Asia, offering renewable resource to a host of international corporates in the area.
Jamsine Choo, primary running policeman at Cleantech Solar, said the firm would now have the ability to increase its profile expansion.
Shell got a 49% risk in Cleantech Solar in December 2018, adding the company to a profile of clean power financial investments the oil and also gas giant has actually made recently. Since then Cleantech has actually looked for to expand its visibility in the area, authorizing C&I solar deals with the likes of Tesco Lotus.
