Asia Clean Capital to Build 4.3MW Solar Project with Volkswagen FAW Engine

BEIJING, Nov. 22, 2017 /PRNewswire/ -- Asia Clean Capital (ACC) today announced a 4.3-megawatt distributed rooftop solar power supply agreement with Volkswagen FAW Engine (Dalian) CO., Ltd. Under the terms of the Agreement, ACC will invest 100 percent of the system cost and undertake the design, construction, and long-term system maintenance.

Volkswagen FAW Engine (Dalian) CO., Ltd.
Volkswagen FAW Engine (Dalian) CO., Ltd.

Electricity from the solar system will be provided to Volkswagen FAW Engine (Dalian) CO., Ltd. at competitive rates to ensure operational savings throughout the lifetime of the system. In addition to monetary savings, the system will make significant contribution to the local ecological environment. The 4.3 MW solar system is expected to reduce approximately 73,138 tons of CO2, 45.83 tons of SO2 and 136,516 tons of water consumption in 20 years.

Tang Hao, Senior Vice President of Asia Clean Capital, said "The Volkswagen FAW Engine Dalian project is ACC's second solar project with a Volkswagen affiliate factory in China. We look forward to continuing cooperation together to make an even greater contribution to environmental protection through solar."

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. ACC's project sites are typically large production facilities with electric demand from one to twenty megawatts, existing clients including Nestle, Coca-Cola, Swire, COFCO, Wahaha, Danone, Volkswagen, SKF, Unilever, P&G, Andritz, WISCO, VAST, Fujitsu, Tsuneishi and others. The company has offices in Beijing, Shanghai, Tianjin, and Hong Kong.

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