ACC and Tsuneishi Announce World’s Largest Shipyard Solar Station

ACC and Tsuneishi Announce World’s Largest Shipyard Solar Station

21 April 2016

Zhoushan, PRC—April 21st, 2016—Asia Clean Capital (“ACC”) today announced the development of a 20 megawatt solar power station at the Tsuneishi Zhoushan Shipbuilding Co., Ltd. (“Tsuneishi”) shipyard facility in Zhoushan, Zhejiang province. Under the terms of the Agreement, Tsuneishi will provide the rooftop space and purchase the electricity generated by the solar system. ACC will invest 100 percent of the system cost and will undertake the design, construction, and long-term system maintenance.

Upon completion it is believed that the system will attain best-in-category in several segments, including: 1) world’s largest shipyard solar system, 2) world’s largest rooftop BIPV installation, and 3) Zhejiang Province’s largest rooftop solar project.

Electricity from the solar system will be provided from ACC to Tsuneishi at below-grid rates to ensure operational savings throughout the lifetime of the system. In addition to monetary savings, the 20 megawatt solar system will assist in achieving sustainability goals. Over its lifetime, the system will save approximately 600,000 tons of C02, or the equivalent of 250-million liters of gasoline.

“ACC is delighted to cooperate with Tsuneishi to develop the world’s largest shipyard solar system” said Thomas Lapham, CEO of ACC. “Tsuneishi is the world’s leading shipbuilder and their developing a flagship project like this has the potential to encourage the industry to focus on sustainability.”

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.

Media Contact: Investor Contact:
+86 10 5869 1319 +8610 5869 1338
ACC Media Relations ACC Investor Relations