Asia Clean Capital and Hanwha Q CELLS to Cooperate on 200MW Solar Pipeline

Asia Clean Capital and Hanwha Q CELLS to Cooperate on 200MW Solar Pipeline

17 November 2016

Beijing, PRC— Nov 17, 2016—Asia Clean Capital (“ACC”) today announced a cooperation agreement with Hanwha Q CELLS (Qidong) Co., Ltd. (NASDAQ: HQCL) to co-develop a solar pipeline of 200 megawatts in Mainland China. Mr. Thomas Lapham, CEO of ACC and Mr. Jongseo Kim, President of Hanwha Q Cells attended the signing ceremony. Under the terms of the Agreement ACC will provide construction and financing for the solar systems and Hanwha Q CELLS will provide technical support, equipment supply, and other services for associated rooftops.

According to Thomas Lapham, “Hanwha Q CELLS is the world’s largest solar cell manufacturer and one of the largest photovoltaic module manufacturers. They are a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top-Ten business enterprise in South Korea. This pipeline will leverage the success of both companies, particularly ACC’s strong PV market expansion and financing capacity and Hanwha Q CELLS’s strong influence in the PV industry.”

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 has offices in Hong Kong and Beijing.


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