Cleantech Solar Deepens Collaboration With Coats Group plc, Signing a Second Renewable Energy Project in Indonesia

Cleantech Solar, a leading provider of renewable energy solutions to corporations in India and Southeast Asia, is delighted to announce the signing of a second long-term agreement with Coats Group plc, a world-leading Tier 2 supplier of critical components to the apparel and footwear industries. This new agreement will see Cleantech Solar develop and operate a second large-scale rooftop solar PV system for Coats Rejo Indonesia at their facilityin Pasuruan, East Java, further strengthening their commitment to sustainable manufacturing in the region.

Since commissioning, the first phase of the project has led to a reduction of 1011 tonnes of CO₂ emissions. Once completed, the combined project will enable Coats to substitute 17.3% of its total power consumption with renewable energy at zero capital investment. This long-term partnership is an important step in Coats’ sustainability efforts in Indonesia and is in line with the Company’s focus on ‘pioneering a sustainable future.’

Mrs Nguyen Phan, Managing Director at Coats Rejo Indonesia, said: “At the core of our sustainability strategy is a definitive transition to renewable energy. Thisvaluable partnership with Cleantech Solar is integral to our goals and will significantly increase the percentage of power we are getting fromrenewable energy sources, furthering our commitment to reducing our environmental footprint and reaching Net Zero by 2050.”

Mr. Sanjay Gupta, Chief Executive Officerat Cleantech Solar, said:“It brings me great joy to share the news of the deepening partnership with Coats in Indonesia. We’re grateful for their repeated trust in our capabilities and hope to continue expanding this relationship, helping them achieve their sustainability targets. Congratulations to both teams for strengthening this partnership”

The first project with Cleantech Solar, announced inMay 2023, has already generated nearly 1.2GWh for the company’s Pasuruan manufacturing facility.The continuous growth and longevity of these partnerships are a testament to the success of Cleantech Solar’s reliable solutions and demonstrate the confidence leading corporates have in the company’s ability to deliver high-qualityrenewable energy solutions.