Beijing, PRC—June 1st, 2020—Asia Clean Capital (“ACC”) today announced that it has begun commercial operations of a 4.8 megawatt ground solar project with Tuozhan Fiber, marking the second cooperation between the firms.
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 Tuozhan Fiber at competitive rates to ensure operational savings throughout the lifetime of the system
The 4.8 megawatt solar system will also assist in achieving sustainability goals. Over its lifetime, the system will save approximately 127,193 tons of CO2, or the equivalent of 54.18 million liters of gasoline. In addition to monetary savings, the environmental benefits are significant, helping Tuozhan Group to achieve its corporate social responsibility goals.
According to Thomas Lapham, CEO of Asia Clean Capital, “We are delighted to roll out the second project with Tuozhan Fiber Group. It is particularly exciting to work with Tuozhan, as they are a world-leader in their field. We look forward to the potential for many more renewable projects together 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.
