BEIJING, Jan. 10, 2017 /PRNewswire/ -- Asia Clean Capital ("ACC") today announced a 1.15-megawatt solar power supply agreement with VAST China Co., Ltd ("VAST") at the VAST production base located in Taicang, Jiangsu province. Under the terms of the Agreement, ACC will invest 100 percent of the system cost and will undertake the design, construction, and long-term system maintenance.
Electricity from the solar system will be provided to VAST at below-grid rates to ensure operational savings throughout the lifetime of the system.
In addition to monetary savings, the rooftop solar system will assist in achieving sustainability goals. Over its lifetime, the system will save approximately 22,325 tons of CO2, or the equivalent of 12.6-million liters of gasoline.
"ACC is pleased to establish this long-term strategic partnership with VAST through renewable energy," said Thomas Lapham, CEO of ACC. "VAST provides a full range of products and services for the automotive industry and has manufacturing bases worldwide. We believe this initial project in Taicang can serve as a demonstration to encourage expansion of this cooperation model to VAST's other facilities."
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 with an additional office in Beijing, China.
Media & Investor Contact:
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