Asia Clean Capital Completes 8 Megawatt Project for Xiangyu Nantong

Asia Clean Capital Completes 8 Megawatt Project for Xiangyu Nantong

1 July 2020

Beijing, PRC—July 1st, 2020—Asia Clean Capital (“ACC”) announced that it has began commercial operations of an eight megawatt rooftop solar project with Nantong Xiangyu Shipbuilding and Offshore Engineering Co., Ltd., one of the world’s leading shipbuilding and engineering companies.

Xiangyu Nantong Site Picture

Under the terms of the Agreement ACC invested 100 percent of the system cost and undertook the design, construction ,and long-term system maintenance. Electricity from the solar system will beprovided to Xiangyu Nantong at competitive rates to ensure operational savingsthroughout the lifetime of the system.

The eight megawatt solar system will also assist in achieving sustainability goals. Over its lifetime, the system will save approximately 166,354 tons of CO2, or the equivalent of 70.86 millionliters of gasoline. In addition to monetary savings, the environmental benefits are significant, helping Xiangyu Group to achieve its corporate social responsibility goals.

According to Thomas Lapham, CEO of Asia Clean Capital, “We are excited to collaborate with Xiangyu Nantong to launch our first PV solar project together. We regard this project as a significant milestone towards an environmentally clean future and we expect to continue cooperation in the future.”

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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