Asia Clean Capital and Toshiba Mitsubishi Electric to Cooperate on 200MW Solar Pipeline

BEIJING, Sept. 26, 2016 /PRNewswire/ -- Asia Clean Capital ("ACC") today announced a cooperation agreement with Toshiba Mitsubishi Electric Industrial Systems Corporation ("TMEIC") to co-develop an identified solar pipeline of 200 megawatts in Mainland China. Under the terms of the Agreement ACC will provide construction and financing for the solar systems and TMEIC will provide technical support, equipment supply, and other services for associated rooftops.

Asia Clean Capital and Toshiba Mitsubishi Electric to co-operate on solar PV
Asia Clean Capital and Toshiba Mitsubishi Electric to co-operate on solar PV

ACC and TMEIC have initiated the cooperation on a series of solar projects invested by ACC, including a 20MW shipyard solar station in East China, in which TMEIC provides the inverters and ACC invests in, constructs, and owns the project.

According to Thomas Lapham, CEO of ACC, "TMEIC is a global leader in solar inverter manufacturing, having developed the world's first super-large inverter of one-megawatt in 1983. Cooperation between ACC and TMEIC will allow both companies to further accelerate their development of the red-hot Chinese solar market."

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 has offices in Hong Kong and Beijing.

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Source: Asia Clean Capital (ACC)