Mukesh Kumar Appointed As Vice President (Finance & Investments) at Cleantech Solar

Mukesh Kumar has been appointed as the Vice President of Finance and Investments at Cleantech Solar, a firm dealing with renewable energy solutions to corporations in India and Southeast Asia, the firm announced in its latest press statement.

Mukesh has spent the last 14 years dedicated to the renewable energy segment and has experience of over two decades in both conventional and renewable energy domains. His experience encompasses capital raising, capital deployment, and strategic initiatives.

Earlier Mukesh served as India Head of Acquisitions, Investments and Financial Advisory at Engie and was creating an incremental portfolio of nearly 1 GWp. Before this stint, he also worked with other renewable energy Independent Power Producers (IPPs) like AmpIn Energy Transition and Sembcorp Green Infra.

According to Cleantech Solar’s press statement, “Mukesh’s appointment marks a pivotal moment for the company’s financial aspirations and strategic growth plans”.

On the other hand, Cleantech Solar has been growing its C&I portfolio offerings in solar, wind, and hybrid solutions, CTU, and VPPA solutions to corporates.

On joining Cleantech Solar, Mukesh Kumar said, “I am thrilled to be part of Cleantech Solar’s inspiring growth journey and eager to contribute towards propelling the organisation to greater heights, whilst helping leading corporates achieve their sustainability objectives.”

In September 2023, Cleantech Solar, began the commercial operation of its maiden Virtual Power Purchase Agreement (VPPA). “Power from this operating solar power plant, after being dispossessed of its renewable attributes, is being sold to the energy exchange,” said the company. Further, the clean energy firm claimed, “The lifetime green energy generation from this project is approximately 187 GWh, which is akin to offsetting over 171 kilotonnes of carbon emissions”.

Cleantech Solar has also entered into a 15-year, captive Power Purchase Agreement (PPA) with the firm First Solar to construct 150 megawatts (MWp) of photovoltaic (PV) solar and 16.8 MW of wind-generating assets in Tamil Nadu supplying approximately 7.3 gigawatt-hours (GWh) of clean electricity to First Solar’s new 3.3-gigawatt (GW) vertically integrated solar manufacturing facility, also located in Tamil Nadu. This project is expected to provide up to 70% of the facility’s anticipated electricity needs while displacing almost 7,000 kilotons of CO₂ emissions.