Keppel Corp in consortium to acquire majority stake in solar platform for up to US$150m

Singapore

A CONSORTIUM of Keppel Corporation, Keppel Asia Infrastructure Fund LP (KAIF) and a co-investor of KAIF, through Cloud Alpha, is acquiring a 51 per cent equity interest in Cleantech Renewable Assets for up to US$150 million.

The remaining 49 per cent of the equity interest in Cleantech is held by its existing shareholder, Shell Eastern Petroleum, which will continue to support its future growth in the region.