Asia Clean Capital and SUMEC to Cooperate on 100MW Solar Pipeline

Asia Clean Capital and SUMEC to Cooperate on 100MW Solar Pipeline

27 December 2016

Beijing, PRC— Dec 27, 2016—Asia Clean Capital (“ACC”) today announced a cooperation agreement with SUMEC New Energy & Development Co., Ltd. (“SUMEC”) to co-develop a solar pipeline of 100 megawatts in Mainland China. Under the terms of the Agreement ACC will provide construction and financing for the solar systems and SUMEC will provide technical support, engineering design, and other services for associated rooftops.

SUMEC is a major subsidiary of China National Machinery Industry Corporation (also known as SINOMACH), one of the FORTUNE Global 500 firms, and the 3rd largest contractor of power projects and the 8th largest contractor of industrial projects based on 2013 rankings compiled by the Engineering News-Record. The cooperation between ACC and SUMEC will speed up the development of ACC’s rooftop solar business in mainland China and help more and more multinational and domestic corporations to reduce operating costs, decrease carbon footprint, and meet sustainability targets.

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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