Renewable energy provider Cleantech Solar has announced a long-term Power Purchase Agreement (PPA) with Bosch Automotive Technologies (Thailand) for a 1 MW solar PV system that will be built on-site at Bosch’s first SMART factory in Thailand.
Courtesy of Cleantech Solar
The project will be located in Hemaraj at the Eastern Economic Corridor. It will feature solar modules installed across the rooftop of the Bosch’s Hemaraj factory, covering an area of about 10,000 square metres, and is expected to generate over 23,500 MWh of clean energy, displacing 13,300 tonnes of carbon dioxide emissions over its lifetime.
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.
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” said Martin Knoss, Regional President of Bosch Powertrain Solutions. “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”.
Mr. Raju Shukla, Cleantech Solar’s Founder and Executive Chairman, added that making a switch to renewables is a sound business decision that can help manage fluctuating electricity cost and improve a company’s competitiveness and that, especially with on-site solar, the company is transforming an otherwise unused real estate into a clean energy generating asset that can provide substantial electricity cost savings.