Keppel Corporation to Acquire Majority Stake in Cleantech Solar for $150 Million

Cleantech Solar aims to achieve 3 GW of solar generation capacity over the next five years

December 14, 2021

/ Harsh Shukla
/ Finance and M&A, Other
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Keppel Corporation-led consortium has announced that it would acquire a 51% equity stake in Singapore-based solar developer Cleantech Solar for up to $150 million. The consortium includes Keppel Asia Infrastructure Fund LP (KAIF) and a co-investor of KAIF.

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Harsh Shukla

More articles from Harsh Shukla.
AcquisitionC&ICleantech SolarinvestmentKAIFKeppelSingaporeSolar
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