Asia Clean Capital Cooperates with Husqvarna Group on Solar PV Project

Asia Clean Capital Cooperates with Husqvarna Group on Solar PV Project

15 May 2019

Beijing, PRC—May 15th 2019—Asia Clean Capital (“ACC”) today announced that is has begun commercial operations of a 1.4 megawatt rooftop solar project with Husqvarna Zenoah Changzhou Machinery Co., LTD (“Husqvarna”) in Jiangsu Province.

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 be provided to Husqvarna Group at competitive rates to ensure operational savings throughout the lifetime of the system.

The new solar power generation plant has a capacity of 1.4 megawatt of solar system power, allowing Husqvarna Group to increase its share of electricity from renewable sources of energy and thereby reduce greenhouse gases and other emissions that incur from electricity generated by coal. Over its expected 25-year life of the facility, the system will save approximately 28,900 tons of CO2, or the equivalent of 12-million liters of gasoline, saving the use of electricity of 587 families for 25 years.

According to Thomas Lapham, CEO of Asia Clean Capital, “Husqvarna is the world’s most iconic brand of outdoor power products. ACC is proud to kick off cooperation with this excellent partner in Jiangsu and we look forward to having further cooperation.”

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 and has offices in Shanghai, Beijing, and Shandong.

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