Private company
Who owns Cleantech Solar (two India power-generation project subsidiaries)
One company in the researched set discloses a stake in Cleantech Solar (two India power-generation project subsidiaries), worth $7m between them. Cleantech Solar (two India power-generation project subsidiaries) is private, so no 13F reports it: a 13F covers exchange listed positions only. These figures exist because each holder disclosed the stake in its own filings.
Cleantech Solar (two India power-generation project subsidiaries) - Profile
- Type
- subsidiary
- Based in
- India
These are the two Indian project companies through which Cleantech Solar built and operates a 167 MWp wind and solar hybrid generation portfolio in Tamil Nadu, made up of roughly 150 MW of photovoltaic capacity and 16.8 MW of wind capacity. The assets exist to supply electricity under a fifteen year captive power purchase agreement to First Solar's vertically integrated solar module factory in the same state, covering up to about 70 percent of that plant's electricity demand, and the arrangement is structured under India's group captive rules, which require the consuming company to hold equity in the generating company. Their parent, Cleantech Solar, is a Singapore headquartered supplier of renewable power to corporate offtakers across India and Southeast Asia whose shareholders include Shell and Keppel.
Source
Cleantech Solar (two India power-generation project subsidiaries) files nothing with the SEC, so none of this comes from a filer record. The description was written for this site in August 2026 from First Solar, Inc. Form 10-K for the year ended 31 December 2025 (SEC), First Solar signs 167 MWp wind and solar energy PPA with Cleantech Solar to power India manufacturing facility (Cleantech Solar) and First Solar: Enabling resiliency and reliability in India's solar supply chain (Renewable Watch). The ownership figures below come from the holders' filings instead, and are sourced row by row.
The disclosed stakes
One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.
Where each figure comes from
A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.
- First Solar, Inc., as of 30 Jun 2026. First Solar entered a power purchase agreement with Cleantech Solar (a renewable energy developer in India/Southeast Asia) in 2023, then during 2024 purchased ownership interests in two of Cleantech's project subsidiaries that own the power-generating assets supplying First Solar's India manufacturing facility, accounted for using the equity method. Purchase price was $7.9 million combined (10-K FY2025). The Q2 2026 10-Q states the carrying amount of these investments was $6.9 million as of June 30, 2026. No ownership percentage is disclosed anywhere in the 10-K or 10-Q. The FY2025 10-K folds this position into a combined 'Other' line within Other assets ($64.3 million at 12/31/2025, also covering unrelated items), which is not usable to size the position; only the 10-Q's explicit dollar carrying-amount sentence is used here, so shares and pct_of_target are left null. sourcesource 2
What this page is not
It is not a complete register. It lists the holders who happen to be inside the researched set and disclosed the stake themselves. A private company can have many other shareholders, and nothing here rules them out: venture investors, founders and employees usually appear in no public filing at all. Percentages are of Cleantech Solar (two India power-generation project subsidiaries) where a holder stated one, and are missing where no holder did.