Asia Clean Capital and Sishui Investment Promotion Center to Cooperate on 50 MWs Distributed Solar

Asia Clean Capital and Sishui Investment Promotion Center to Cooperate on 50 MWs Distributed Solar

26 October 2020

Beijing, PRC— October 26, 2020 — Asia Clean Capital (“ACC”) today announced a strategic partnership with Sishui Investment Promotion Center (“SIPC”) and signed a cooperation agreement to co-develop 50MWs rooftop solar projects in Sishui, Shandong Province. Mr. Yin Yin, BD Director of ACC attended the signing ceremony and shared ACC’s business focus and development strategy. Mr. Dehan Li, Director of SIPC introduced Sishui’s industrial development and notable corporations.

SIPC is the investment promotion agency of Sishui County, in charge of organizing and implementing the foreign investment promotion strategy in Sishui. Under the terms of the Cooperation Agreement, ACC will provide construction and financing and SIPC will recommend industrial customers, provide government support and assist with relevant legal procedures for the solar projects. Thomas Lapham, CEO of ACC, said “We are very happy to establish this strategic partnership with SPIC. We will tap our respective advantages and help more and more multinational and domestic corporations lower operating costs, reduce carbon footprint, and meet sustainability goals.”

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. , existing clients including P&G, Nestlé, Coca-Cola, Swire, COFCO, Wahaha, Danone, Volkswagen, SKF, Unilever, Andritz, WISCO, VAST, Fujitsu, Tsuneishi and others. The company is based in Hong Kong with an additional office in Beijing, China.

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