Asia Clean Capital to Begin Solar Roll-out for SAIC Volkswagen

Asia Clean Capital to Begin Solar Roll-out for SAIC Volkswagen

13 April 2016

Beijing, PRC—April 13th, 2016—Asia Clean Capital (“ACC”) today announced a 1.91 megawatt solar power supply agreement with Shanghai Allied Auto Parts Co., Ltd., the subsidiary of Shanghai Dazhong Allied Developing Company., Ltd.(“PU’) at their production Jiading facility in Shanghai. According to the Agreement ACC will invest 100 percent of the system cost and will be responsible for the design, construction, and long-term system maintenance.

ACC will provide electricity from the solar system to Allied Auto at discounted rates to ensure operational savings throughout the system’s service period.

In addition to operational savings, the 1.91 megawatt solar system will assist in achieving environmental goals. Over its lifetime, the system will save approximately 47,665 tons of CO2, or the equivalent of 20-million liters of gasoline.

“ACC is delighted to provide solar energy to Allied Auto, the subsidiary of SAIC Volkswagen in Shanghai” said Thomas Lapham, CEO of ACC. “SAIC and Volkswagen are both Fortune 500 companies, and together they have achieved the largest production volume of motor vehicles of any Chinese automaker. The launch of this solar program shows the positive impact the world’s most influential companies can have on energy conservation and emissions reduction.”

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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