CSA’s remaining 50% stake is owned by Cleantech Renewable Assets. The consortium previously announced that they were acquiring a 51% stake in Cleantech on December 13, 2021 at a consideration price of US$130 million.
Keppel Corp, Keppel Asia Infrastructure fund (KAIF) and a co-investor of the fund are acquiring 50% of the interest in Cleantech Solar Asia (CSA) from CEF 200 BV, a fund managed by Climate Fund Managers, for US$115 million.
The acquisition will be made through Cloud Alpha and is expected to close in the first half of 2022.
