CleanTech
CleanTech Global Renewables is a Philippine independent power producer and renewable energy developer that builds, owns, and operates utility-scale solar and offshore wind projects, selling wholesale electricity to grid operators, distribution utilities, and corporate off-takers. Its 175 MW solar portfolio and 1.2 GW offshore wind pipeline serve the Philippines' national renewable energy targets.
- Company typePrivate
- Founded2014
- HeadquartersMuntinlupa City, Philippines
- Headcount51–100
- GTM typeB2B
- OfferingServices
What CleanTech does
CleanTech Global Renewables, Inc. is a Philippine-domiciled independent power producer and renewable energy developer that develops, acquires, constructs, owns, and operates utility-scale clean energy projects. Founded in 2014 and headquartered in Muntinlupa City, the company sells wholesale electricity to grid operators, distribution utilities, and corporate off-takers through power supply agreements and feed-in-tariff mechanisms, with no direct consumer-facing sales motion. Its operating portfolio includes 175 MW of solar capacity across three projects — a 133 MW joint venture with ACEN Corporation (NAREDCO in Cagayan), a 20 MW wholly-owned subsidiary (OneManaoagSolar in Pangasinan), and a 22 MW wholly-owned subsidiary (San Ildefonso in Bulacan) — plus a development pipeline that includes the 1.2 GW Bulalacao offshore wind project in partnership with Singapore-based The Blue Circle, the largest offshore wind service contract in the Philippines.
The company's core technology is grid-tied solar PV generation at utility scale, using solar modules, inverters, and medium-voltage power stations, with current expansion into offshore wind (both floating and bottom-fixed installations in shallow to medium depth waters). Its proprietary but conventional differentiators are the Environmental and Social Management Systems (ESMS) Framework, used to manage environmental and social risk across projects, and a Green Bond Framework designed to access green finance. Strategic equity partners — ACEN Corporation (Ayala group) for the Cagayan solar JV and Vivant Energy for the SIAEC project — provide both capital and offtake, while technology and EPC partners (Sungrow, SMA, Seraphim, AKCOME, Syntegra Solar, Renesource, Pamatech, MN Electro, GHD, Poyry) underwrite construction capability. The company has stated a goal of developing 1 GW of renewable energy capacity by 2025, has expanded to Australia and Vietnam, and operates a non-profit foundation (CleanTech Foundation Inc.) alongside its commercial IPP business.
CleanTech firmographics
Firmographics- Name
- CleanTech
- Legal name
- CleanTech Global Renewables, Inc.
- Website
- https://cleantech.ph
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CleanTech Global Renewables is a Philippine independent power producer and renewable energy developer that builds, owns, and operates utility-scale solar and offshore wind projects, selling wholesale electricity to grid operators, distribution utilities, and corporate off-takers. Its 175 MW solar portfolio and 1.2 GW offshore wind pipeline serve the Philippines' national renewable energy targets.
- Ownership category
- akta.pro rank
CleanTech industry classification
Industry- Product category
- Renewable Energy / Independent Power Production
- NAICS
- Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991), Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ)
- akta.pro secondary industries
- Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Renewable Energy Infrastructure (FSAAAKAG)
Keywords
Where CleanTech is headquartered
LocationHeadquarters
- HQ city
- Muntinlupa City
- HQ country
- Philippines
- HQ region
- Asia
Offices1 record
Markets served
CleanTech business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Renewable Energy Generation and Sales: CleanTech develops, owns, and operates renewable energy plants that generate electricity sold to the grid. Revenue comes from electricity sales, feed-in tariff rates, and power supply agreements with distribution utilities and commercial customers.
- Joint Venture Partnerships: CleanTech co-develops projects with strategic partners like ACEN Corp, maintaining ownership stakes while leveraging partner capital and distribution networks.
- Green Bond Financing: Company has developed a Green Bond Framework to integrate green finance into corporate strategies for funding renewable energy projects.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
CleanTech product offering
Product offeringCore offering
CleanTech develops, acquires, constructs, owns, and operates utility-scale renewable energy projects — primarily solar photovoltaic plants and offshore wind farms — in the Philippines. The company generates electricity that is sold wholesale to distribution utilities, the national grid operator (NGCP), and corporate off-takers under power supply agreements and feed-in tariff mechanisms. It also co-develops projects through joint ventures with major energy companies such as ACEN Corporation.
Product overview
CleanTech Global Renewables is a renewable energy developer and independent power producer (IPP) operating in the South East Asian region, primarily in the Philippines. The company's portfolio consists of utility-scale solar projects (NAREDCO at 133 MW, OneManaoagSolar at 20 MW, and San Ildefonso Alternative Energy Corp. at 22 MW) and an offshore wind project (Bulalacao at 1.2 GW in partnership with The Blue Circle). CleanTech also operates CleanTech Foundation, its non-profit arm focused on community development, and has developed a Green Bond Framework for sustainable finance. The company has a goal of developing 1 GW of renewable energy projects by 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- Natures Renewable Energy Development Corp. (NAREDCO) — Cagayan North Solar Power Plant A 133 MWp (DC) joint-venture utility-scale solar power plant between CleanTech and ACEN Corporation located on a 116.24-hectare site in Lal-lo, Cagayan, equipped with 242,662 solar modules and 460 inverters; electricity is sold to the grid and distribution utilities.
- OneManaoagSolar Corp. (OMSC) — Pangasinan Solar Farm A 20 MW solar farm owned by CleanTech subsidiary OneManaoagSolar Corp., located on a 28-hectare property in Sta. Barbara, Pangasinan, with 49,672 solar panels and 6 inverters capable of generating 32.5 GWh annually.
- San Ildefonso Alternative Energy Corp. (SIAEC) — Bulacan Solar Project A 22 MWp solar project operated by CleanTech subsidiary San Ildefonso Alternative Energy Corp., located on a 24.5-hectare site in San Ildefonso, Bulacan, with 64,380 solar panels and 5 inverters.
- Bulalacao Offshore Wind Project A 1.2 GW offshore wind project developed with The Blue Circle in Bulalacao, Oriental Mindoro, spanning approximately 40,095 hectares and planned to feature 100 turbines of 12 MW unit capacity.
Quantifiable outcome
- 175 MW of solar capacity operational or under construction
- +3 more outcomes
Companies that use CleanTech
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
CleanTech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
CleanTech partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- The Blue CirclecoreSingapore-based The Blue Circle and CleanTech signed the largest offshore wind energy service contract in the Philippines - a 1.2 GW project in Bulalacao, Oriental Mindoro with 100 turbines of 12 MW each. The project spans 40,095 hectares and represents the country's largest offshore wind development.
- ACEN CorporationcoreAC Energy Corp partnered with CleanTech for joint development of the 200-MW solar power project in Lal-lo, Cagayan through Natures Renewable Energy Development Corp (NAREDCO). ACEN holds approximately 80% economic stake in the joint venture. Project aims to add 100 MW of renewable capacity to ACEN's portfolio.
- University of the Philippines Los Banos (UPLB)minorCleanTech signed MOA with UPLB and EDC to establish a 1-hectare arboretum in Sierra Madre, Real, Quezon. The arboretum will showcase and protect threatened tree species as part of forest restoration efforts.
- Energy Development Corporation (EDC)minorJoint partner with CleanTech and UPLB for the Sierra Madre arboretum project to showcase and protect threatened tree species.
- PamatechminorConstruction contractor for OneManaoagSolar Corp project.
- MN ElectrominorConstruction contractor for OneManaoagSolar Corp project. MN Electro donated to Taal relief efforts.
- GHDminorEngineering and consultancy partner visible in company partnerships section.
- PoyryminorConsulting partner visible in company partnerships section.
- Ocampo et alminorLegal/law partner visible in company partnerships section.
- Paladins of LawminorLegal partner visible in company partnerships section.
- Picazo LawminorLegal partner visible in company partnerships section.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
CleanTech competitors and assessment
Company assessmentDirect peers
- Vena Energy: Asia-Pacific renewable energy developer and IPP operating across solar, wind, and storage in the Philippines, Indonesia, Vietnam, Thailand, and other SEA markets. Comparable as a multi-country RE developer with utility-scale project pipeline and similar JV-driven capital structure.
- The Blue Circle: Singapore-based pure-play offshore wind developer across Southeast Asia. Directly comparable as CleanTech's JV partner on the 1.2 GW Bulalacao offshore wind project and pursues the same first-mover offshore wind strategy across emerging SEA markets.
- ACEN Corporation: Philippines' largest listed renewable energy platform and CleanTech's primary JV partner on the 133 MW NAREDCO solar project. ACEN targets 20 GW of RE capacity by 2030 and operates across solar, wind, hydro, and geothermal — making it the most directly comparable business model to CleanTech's developer/owner/operator approach.
- Solar Philippines: Philippines-focused solar developer and IPP building utility-scale solar farms and rooftop solar across the country. Closely comparable to CleanTech in target market, project type, and customer base (distribution utilities, NGCP, commercial offtakers).
- Citicore Renewable Energy Corporation: Philippine solar and RE developer pursuing utility-scale solar farms across Luzon and Visayas. Comparable in target geography, project type, and IPP-offtaker model, and competes for DOE service contracts and distribution utility PSAs alongside CleanTech.
Broad incumbents
- Aboitiz Power Corporation: Philippine integrated power company with generation, distribution, and retail businesses across hydro, geothermal, solar, and coal. Overlaps with CleanTech in Philippine RE generation, but operates at significantly larger scale and broader energy mix.
- Energy Development Corporation (EDC): Philippines' largest geothermal producer and major RE generator. EDC is a CleanTech Foundation partner (Sierra Madre arboretum) and shares the Philippine RE developer/operator profile, though dominated by geothermal rather than solar/wind.
- Sunseap Group (ENGIE): Singapore-based solar developer (now under ENGIE) and SEA RE developer with utility-scale solar and storage projects across the region. Comparable in RE project development, though part of a much larger global energy platform rather than a regional specialist.
- First Gen Corporation: One of the Philippines' largest independent power producers, operating natural gas, geothermal, hydro, solar, and wind assets. Comparable as a Philippine IPP with diversified RE portfolio, though significantly larger and broader in scope than CleanTech.
Regional players
- Vivant Energy: Philippine power company with generation and distribution assets. Vivant is also a direct investor in CleanTech's SIAEC subsidiary (~P280M equity) and shares the Philippine IPP profile, though smaller and more diversified into conventional generation.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
CleanTech social profiles
Digital presenceCleanTech financial estimates
Financial estimateRevenue estimate
Valuation estimate
CleanTech leadership team
Management profileNumber of profiles
Profiles6 records
CleanTech subsidiaries and ownership
Company hierarchySubsidiaries5 records
CleanTech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CleanTech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CleanTech
What does CleanTech do?
CleanTech develops, acquires, constructs, owns, and operates utility-scale renewable energy projects — primarily solar photovoltaic plants and offshore wind farms — in the Philippines. The company generates electricity that is sold wholesale to distribution utilities, the national grid operator (NGCP), and corporate off-takers under power supply agreements and feed-in tariff mechanisms. It also co-develops projects through joint ventures with major energy companies such as ACEN Corporation.
Is CleanTech a public or private company?
CleanTech is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CleanTech founded?
CleanTech was founded in 2014. It employs 51 to 100 people.
Where is CleanTech based?
CleanTech is headquartered in Muntinlupa City, Philippines, in the Asia region.
How does CleanTech make money?
Three revenue lines are on record. Renewable Energy Generation and Sales are the primary driver. The others are joint Venture Partnerships and green Bond Financing.
Who are CleanTech's main competitors?
Direct peers on record are Vena Energy, The Blue Circle, ACEN Corporation, Solar Philippines and Citicore Renewable Energy Corporation. Broad incumbents are Aboitiz Power Corporation, Energy Development Corporation (EDC), Sunseap Group (ENGIE) and First Gen Corporation. Vivant Energy is listed as a regional player.
Does CleanTech have an API?
No public API is recorded for CleanTech.
What industry is CleanTech in?
CleanTech's product category is Renewable Energy / Independent Power Production. Its primary akta.pro industry code is IMAFALAJ, Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging), with a secondary code of EUAMAFAK, Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance). Its NAICS code is 221114 and its SIC code is 4991.