Cleantech Solar expands regional partnership with Etika Group of Companies in Malaysia and Indonesia with rooftop solar PV projects totalling 3.4 MWp – EQ Mag

Kuala Lumpur, Jakarta : Cleantech Solar, a leading provider of renewable energy solutions to corporations in Southeast Asia and India, has entered long-term solar partnerships with Etika Groupof companies (“Etika”), manufacturer and distributor of some of the leading Halal beverages in Malaysia, Singaporeand Brunei,to develop three rooftop solar PV systems with a total system capacity of 1.7 MWp across Malaysia and Indonesia.This follows the successful commissioning of two rooftop PV systems for EtikaBeverages in Malaysia with a combined capacity of 1.7 MWp.

As part of the partnership, Cleantech Solar will provide full turnkey financing, designing, installing, maintenance and operation of the PV systems across the period of the engagements under long-term agreements.

The first Power Purchase Agreement (PPA) was signed with EtikaSdn. Bhd.The company bottles, markets and distributes global brands such as Pepsi, Mirinda, 7Up, Revive Isotonic, Gatorade, Lipton, Tropicana, MUG and Mountain Dew. Etika Sdn. Bhd. also manufactures, distributes and markets WONDA Coffee and Calpis, as well as its own range of beverages under the trademarks of Chill, Bleu Mineral Water and Kickapoo.The ~1.4 MWp solar project has been operating for nearly two years.Cleantech Solar is expanding this project with a second phase for an additional 840 kW rooftop PV.

Additionally, the third project was signed with Etika Sdn. Bhd. for a 340 kWp rooftop solar PV located at their warehouse in Bangi, Malaysia, which has been operating for nearly a year.

Cleantech Solar’s rooftop solar PV project for Etika Sdn. Bhd. in Malaysia

The fourth project with a system size of656kWpis forEtika Dairies Sdn. Bhd.in Malaysia, a company that manufactures and sells UHTand pasteurised milk under the GooddayMilk brand andsweetened condensed creamersand evaporated milk under the Dairy Champ brand.

Conceptual design of Cleantech Solar’s rooftop solar PV project for Etika DairiesSdn. Bhd. in Malaysia

The fifth projectis for PT Etika Dairies Indonesiato develop a 233 kWp solar PV system at their manufacturing facility in Pasuruan, Indonesia, where they manufactures weetened condensed creamers.

Cleantech Solar’s rooftop solar PV project for PT. Etika DairiesIndonesia

Both Etika Group of Companies and Cleantech Solar share the same values of making a positive difference towards the planet by integrating sustainable plans into their businesses. Through this significant collaboration, Etika Sdn. Bhd. is determined to contribute to a greener environment by substantially reducing greenhouse gas emissions and other possible harmful pollutants.

Thisregional partnership between Cleantech Solar and Etika Groupis expected to generate over 86 GWh of clean energy during the lifetime of the systems,equivalent to a reduction of approximately 68 kilotonnes of CO2 emissions. The environmental impact of this partnership is akin to planting 109,000 trees during the lifetime of these projects.The solar PV systems will contribute to the multinational company’s sustainability efforts in Malaysia and Indonesia, powering their operations with clean, renewable solar energy.

Mr. SantharubanThurai Sundaram, Chief Executive Officer of Etika Group of Companies for Malaysia, Singapore, and Brunei, said: “Etika has always been mindful of the environment through its operations. The installation of solar panels is a step forward in advancing our ESG commitment, pushing us forward in being one of the leading eco-friendly brands in the FMCG industry. This partnership between Etika and Cleantech Solar is not merely on economical merits, but also on the basis of trust that our joint effort would significantly reduce carbon footprint and enhance Etika’s operational efficiency. We are investing in our future now and are certain that this is the best course of action in improving the environment as a whole.”

Mr. Raju Shukla, Founder and CEO of Cleantech Solar, said:“We are very happy to witness this successful multi-country engagementwith Etika Group, expanding our existing partnership and helping them harness the benefits of solar energy across their manufacturing facilities in Malaysia and Indonesia. With experienced teams across markets, ourbest-in-class solar offering provides substantial reduction in carbon emissions and energy bills, helping the world’s leading industries decarbonise. Congratulations to Etikafor switching to clean energyand meeting their environmental, social and economic performance targets.”

About Cleantech Solar (www.cleantechsolar.com):

Cleantech Solar is a pan-Asia supplier of renewable energy to corporates, combining the capabilities of a global player with responsiveness and agility.Headquartered in Singapore, Cleantech Solar has numerous solar power plants across India and Southeast Asia, covering over 750 MW across the various stages of operations and construction with many more solar and wind projects under development.

This includes installations in India, Singapore, Cambodia, Indonesia, Malaysia, Thailand and Vietnam. The company is backed by long-term strategic shareholders – Keppel Corporation, Keppel Asia Infrastructure Fund andShell Singapore Pte. Ltd.

The company helps corporations to meet their sustainability goals, offering them a unique combination of:

• Adherence to highest standards of corporate governance ensuring successful long-term partnerships
• Leading technical expertise with proven ability to deliver safe, high-quality projects
• Experienced local teams in each market with in-depth understanding of regulatory landscape and customer requirements enabling tailor-made solutions
• Interactive real-time data visuals and analytics enabling comprehensive monitoring and maintenance of our renewable energy plants, facilitating customer involvement through project life

About EtikaSdn. Bhd.(www.etikaholdings.com)

Etika Sdn. Bhd. is the official bottler for PepsiCo in Malaysia, Singapore and Brunei. They market and distribute some of PepsiCo’s global brands such as Pepsi, Tropicana, Mountain Dew, Revive Isotonic, Mirinda, 7UP, Lipton Iced Tea, Gatorade, Sting and Evervess, as well as Kickapoo (a Monarch trademark) and its own range of products which include WONDA Coffee, Goodday Milk, Calpis, Dairy Champ, Hijrah, Chill Asian Drinks and Bleu.

About PT Etika Dairies Indonesia (www.etika.co.id/)

Founded in 2006, PT Etika Dairies Indonesia is a subsidiary of Etika Group Indonesia, whichmanufactures, distributes and markets some of the leading Halal dairy products in Indonesiaunder the brands of Dairy Champ and Yaqin.