ACC & EDF Energies Nouvelles announce China joint-venture
Wednesday, Feb 14, 2018
Asia Clean Capital ("ACC") and EDF Energies Nouvelles jointly announce the establishment of a joint venture to build and operate a portfolio of distributed rooftop solar projects in China.

ACC is widely considered China's leading multinational rooftop solar developer, and EDF Energies Nouvelles is the renewable subsidiary of EDF Group, one of the world's largest electricity companies. The joint-venture will benefit from ACC's local footprint in distributed solar energy and from EDF Energies Nouvelles' international distributed solar energy and self-consumption expertise solutions for industries.

ACC's business focuses on rooftop solar projects. It invests in the solar projects and undertakes the design, construction, and long-term system maintenance. ACC has invested in and built solar projects in the PRC for many of the world's leading corporations, including P&G, Danone, Nestlé, Coca-Cola, Volkswagen, Unilever, Fujitsu, and others.

The partnership comes at a time of rapid growth for ACC. It has achieved triple-digit growth for three consecutive years and was named "The New Prominent Enterprise in energy industry in 2017" by the China Energy Development and Innovation Forum Committee and "Best Distributed Solar Developer" for 2016 by TÜV NORD, a world leader in the field of technology services.

Thomas Lapham, CEO of Asia Clean Capital, said "We are tremendously excited to work with EDF Energies Nouvelles, given their unparalleled experience and expertise in renewable energy worldwide. We will tap our respective advantages and help more companies generate and use green electricity."

Operating in China for more than 30 years, EDF works in several segments of the energy market including nuclear power, renewable energy and energy services.

Bruno Fyot, Chief Operating Officer of EDF Energies Nouvelles added, "As a subsidiary of the EDF Group, a global leader in low-carbon energy, EDF Energies Nouvelles is committed to using its expertise in distributed renewable energy in France and in the United States, as well as EDF's historic presence in the Chinese electricity market to develop and expand this newly formed joint venture with ACC".

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