ACC and China Kangfu Sign RMB 500 Million Strategic Cooperation Agreement3 May 2016
Beijing, PRC—May 3rd, 2016—Asia Clean Capital (“ACC”) and China Kangfu International Leasing Co., Ltd (“China Kangfu”, Stock Code: 833499), today announced a strategic cooperation agreement to co-develop an identified solar pipeline in Mainland China. Under the terms of the Agreement China Kangfu will provide a RMB 500 million credit facility for solar projects developed by ACC.
The Strategic Cooperation Framework Agreement was formalized on April 28th 2016 at the signing ceremony at China Kangfu’s Beijing office and attended by key executives from ACC, China Kangfu and Goldman Sachs.
“China Kangfu is the top leasing brand in China in the fields of New Energy and equipment manufacturing.” said Thomas Lapham, CEO of ACC. “Teaming up with them will allow ACC to further our position as the leader in rooftop solar solutions nationwide.”
Mr. Chen Huanchun, President of China Kangfu said, “We are delighted to kick off this cooperation agreement for the development of distributed solar projects with ACC. The new energy industry is one of the most important sections in China government’s strategic development plan. There are lots of opportunities by combining financial leasing with the New Energy industry; the cooperation will also have a significant impact on both the new energy industry and finance industry in China.”
About China Kangfu
China Kangfu was founded in June 1988 and is one of the key subsidiaries engaged in the financial sector, belonging to State Power Investment Corporation, a large-scale state-owned enterprise under the Central Government. China Kangfu is committed to promoting the development of China’s new energy industry and equipment manufacturing industry, and striving to be the number-one leasing brand in the fields of China’s new energy and equipment manufacturing industries.
About Asia Clean Capital
Asia Clean Capital Ltd. (“ACC”) is a leading clean energy solutions developer that serves large multinational and domestic firms throughout China. Focused on rooftop solar projects, ACC invests 100 percent of the project costs and provides the design, engineering, equipment, government approvals, installation, and long-term maintenance of solar systems.
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