Chinese rooftop solar-focused developer Asia Clean Capital (ACC) and Canadian Solar have agreed to jointly develop over 200MW of solar projects in Mainland China.
As part of the cooperation agreement, ACC will be responsible for providing construction and financing for the solar systems while Canadian Solar will provide technical support, engineering, design, equipment, business consultation and other services for associated rooftops.
The cooperation will leverage Canadian Solar’s global solar PV project reserve of about 10.3GW.
Additionally, the team plans to install solar arrays on the rooftops of facilities owned by Fortune 500 foreign-funded companies that are suitable for PV power generation.
ACC and Canadian Solar estimate that this pipeline will result in the reduction of 6 million tonnes of carbon dioxide (CO2) emissions over the lifetime of the installations.
According to Asia Clean Capital estimates, the proposed pipeline of solar projects would result in the reduction of 6 million tons of C02.
In May, ACC partnered with Kyocera (China) Sales & Trading Corporation (Kyocera) to jointly develop 100MW solar PV project in the Suzhou area of Jiangsu province.
As per the deal, ACC agreed to provide financing for the solar systems while Kyocera will provide technical support, engineering design and other services.
ACC CEO Thomas Lapham said: "Kyocera produces some of the most advanced and reliable products in the PV industry. The win-win cooperative relationship between Kyocera and ACC will tap each firm’s respective advantages and make a significant contribution to improving the environment."