Rooftop solar projects developer Asia Clean Capital (ACC) has teamed up with Hanwha Q CELLS (Qidong) to co-develop a solar pipeline of 200 megawatts in mainland China.
Under the terms of the cooperation agreement, which was announced last week, ACC will provide construction and financing for the solar systems while Hanwha Q CELLS will provide technical support, equipment supply and other services for associated rooftops.
Thomas Lapham, CEO of ACC, commented: "Hanwha Q CELLS is the world's largest solar cell manufacturer and one of the largest photovoltaic module manufacturers. They are a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a top-ten business enterprise in South Korea. This pipeline will leverage the success of both companies, particularly ACC's strong PV market expansion and financing capacity and Hanwha Q CELLS's strong influence in the PV industry."
The solar pipeline is expected to result in the reduction of six million tons of CO2 emissions, or the equivalent of 2.5 billion liters of gasoline.
Financial details of the agreement were not disclosed.
In recent months ACC has announced similar agreements with Toshiba Mitsubishi Electric Industrial Systems Corporation (TMEIC), Ten K Solar, Trina Solar and Canadian Solar.
ACC invests 100% 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 which are lower than when purchased from the local power grid. Typical project sites are large production facilities with electric demand of 1-20 megawatts. The company has offices in Hong Kong and Beijing.