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Cleantech Solar & Bosch ink long-term PPA for SMART factory in Thailand

Bosch will secure long-term energy supply with significant savings on electricity bills from the on-site solar PV system that will be financed, designed, built, operated and maintained by Cleantech Solar across the term of the agreement.

13 August 2019 - Cleantech Solar, a leading provider of renewable energy to corporations in Asia, and Bosch Automotive Technologies (Thailand), an entity of the Germany-based Bosch Group, announced a long-term Power Purchase Agreement (PPA) for a 1 MW solar PV system that will be built on-site at Bosch’s first SMART factory in Thailand, located in Hemaraj at the Eastern Economic Corridor.

The project will have solar modules installed across the rooftop of the Bosch’s Hemaraj factory that covers an area of about 10,000 square metres. The system is expected to generate over 23,500 MWh of clean energy, avoiding 13,300 tonnes of carbon dioxide emissions over its lifetime.

Thailand is the home ground for the strongest automotive cluster in Southeast Asia and much of Bosch’s success lies in maintaining a social and ecological balance that aims to preserve resources for current and future generations. “Increasing our renewable energy consumption at our plant is an important step in achieving Bosch’s vision of carbon neutrality and strengthening our sustainability leadership in the country and in the automotive industry at large. With Cleantech Solar’s proven local expertise and international experience in the solar industry, we are confident that our partnership will bear both environmental and economic benefits,” said Mr. Martin Knoss, Regional President of Bosch Powertrain Solutions.

Mr. Raju Shukla, Cleantech Solar’s Founder and Executive Chairman said, “Making a switch to renewables is a sound business decision that can help manage fluctuating electricity cost and improve a company’s competitiveness. Especially with on-site solar, we are transforming an otherwise unused real estate into a clean energy generating asset that can provide substantial electricity cost savings. We are very pleased with this solar partnership as it underlines Cleantech Solar’s ability to meet Bosch’s excellent standards in quality, innovation, efficiency and reliability.”

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