Cleantech Solar secures USD75 million loan from ING Bank

Cleantech Solar, a leading commercial- and industrial-focused solar PV developer in Asia, has secured a $75 million green loan from ING Bank N.V.. ING is the sole mandated lead arranger and green structuring adviser of the deal. Cleantech Solar will use the proceeds to finance expansion across Southeast Asia. The loan will also support Cleantech Solar’s plan to develop over 500 MW of solar power projects. These solar projects will benefit local and multinational corporates across Southeast Asia with reliable, long-term and cost saving clean energy solutions.

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