Asia Clean Capital Expands Solar Business in China and Cooperates with World’s Largest Solar Panel Maker on 300 MW Solar Pipeline
Asia Clean Capital recently announced a cooperation agreement with Trina Solar (“TSL”), to co-develop an identified solar pipeline of over 300 megawatts in mainland China in the following three years. Under the terms of the Agreement ACC will provide construction and financing for the solar systems and Trina Solar will provide technical support, engineering design, business consultation, and other services for associated rooftops.
ACC is the only distributed solar developer backed by Goldman Sachs in China. Trina Solar is the world’s biggest solar panel maker and leading solar system integrator. The pipeline leverages the success both companies, particularly ACC’s strong PV market expansion and financing capacity and Trina Solar’s strong influence in the PV industry and strong existing relationship with the government. The project sources from this pool of rooftops are Fortune 500 foreign-funded companies’ plants and production facilities suitable for PV power generation, well as other target projects as accepted by both parties.
Over its lifetime it is estimated that the pipeline of solar projects will result in the reduction of 9-million tons of C02, or the equivalent of 3.7-billion liters of gasoline.