ACC and COFCO Coca-Cola Sign 5.5 Megawatt Solar Agreement5 April 2016
Beijing, PRC—April 5th, 2016—Asia Clean Capital (“ACC”) today announced a 5.5 megawatt solar power supply agreement with COFCO Coca-Cola Beverages (Hebei) Ltd., at their Shijiazhuang production facility in Hebei province. Under the terms of the Agreement ACC will invest 100 percent of the system cost and will undertake the design, construction, and long-term system maintenance, Yingli will be designated as the EPC general contractor for the project.
Electricity from the solar system will be provided to COFCO Coca-Cola at below-grid rates to ensure operational savings throughout the lifetime of the system.
In addition to monetary savings, the 5.5 megawatt solar system will assist in achieving sustainability goals. Over its lifetime, the system will save approximately 155,728 tons of CO2, or the equivalent of 66-million liters of gasoline.
“ACC is honored to provide solar energy to COFCO Coca-Cola in Hebei” said Thomas Lapham, CEO of ACC. “COFCO Group and the Coca-Cola Company are two of the most well-known corporations in the world, with operations in every major market. As the world’s fastest-growing Coca-Cola bottler, COFCO Coca-Cola Beverages is truly the elite of the elite, and together we have the opportunity make a major sustainability impact through solar.”
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. All electricity produced is then provided to clients at agreed rates lower than when purchased from the local power grid. Typical project sites are large production facilities with electric demand of between one to twenty megawatts. The company is based in Hong Kong with an additional office in Beijing, China.
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