Cleantech Solar enters into a long-term cooperation with Elang Perdana, a major Indonesian tyre manufacturer

Indonesia, Jakarta, 6 January 2021 – Cleantech Solar, one of the largest commercial and industrial (C&I) solar PV developers in Asia, enters into a long-term agreement with PT. Elang Perdana Tyre Industry for a 4.5 MW solar PV project. Cleantech Solar will provide the complete turnkey solution and guarantee the performance of the solar PV system throughout the lifetime of the 25-year agreement.

This project will help Elang Perdana with their sustainability agenda by generating over 136,300 MWh of clean electricity; equivalent to offsetting over 117,500 tonnes of CO2 emissions. With the switch to solar power, Elang Perdana will enjoy the benefits of a cleaner and cheaper source of electricity to power its manufacturing processes at zero upfront capital investment. This contributes to Indonesia’s ambitious target to increase its share of renewables in the national energy mix to 23% by 2025.

“Besides the aim of building a sustainable future, we would like to increase general awareness on environmental preservation as this solar project will play an important role in reducing our carbon emissions,” said Dicky Mursalie, Managing Director of PT Elangperdana Tyre Industry. “Moreover, situated in tropical Indonesia, the project will work in our favor as sunlight is a very abundant resource here. With our continuous effort to be a sustainable business that brings positive impact to the communities we operate in, PT Elang Perdana Tyre Industry will always take on similar projects to make a positive contribution to our people, society and the environment.”

Mr. Raju Shukla, Cleantech Solar Founder and Executive Chairman said: “Cleantech Solar is delighted to partner with Elang Perdana in helping them to make this transition towards renewable energy. We look forward to many further such collaborations in Indonesia which will help businesses achieve their environmental and cost-saving targets and contribute towards the country’s sustainable goals.”