Shell will add to its expanding renewables base with the acquisition of 49% of Cleantech Solar, a PV developer that the oil giant says offers it a pathway into the commercial & industrial sector in Asia.
Singapore-based Cleantech Solar specialises in developing projects that supply power for large corporates in the region, counting the likes of Apollo Tyres, Coca Cola and Yamazaki Mazak among its customer base, with a portfolio currently around 200MW.
