Hong Kong-based clean energy developer Asia Clean Capital (ACC) has partnered with Trina Solar, a Chinese solar PV module manufacturer, to co-develop a solar pipeline of over 300 megawatts in mainland China over the next three years.
Under the terms of the cooperation 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.
Announcing the agreement last week, ACC said that it leverages the success of both companies, particularly ACC's strong PV market expansion and financing capacity and Trina Solar's strong influence in the PV industry and existing relationship with the government.
Projects are expected to include rooftop installations for Fortune 500 foreign-funded companies' plants and other production facilities suitable for PV power generation.
Over the lifetime of the agreement, ACC estimates that the pipeline of solar projects will result in the reduction of 9 million tons of CO2 emissions, or the equivalent of 3.7 billion liters of gasoline.
NYSE-listed Trina Solar, founded in 1997, specializes in the manufacture of crystalline silicon photovoltaic modules and system integration. It has grown to become the world's largest solar panel maker and has shipped more than 17GW globally since 2007.
ACC serves large multinational and domestic firms throughout China. Focused on rooftop solar projects, the company 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 provided to clients at agreed rates lower than when purchased from the local power grid.