ACC to provide solar to China’s largest food and beverage manufacturer

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The solar project will power Wahaha’s two faciltities in Quzhou, Zhejiang province. credit: Wahaha

Rooftop solar specialist Asia Clean Capital has signed a power purchase agreement with the largest food and beverage producer in China, the Wahaha Group, for 3.5MW of solar energy.

The solar project will power Wahaha’s two faciltities in Quzhou, Zhejiang province, but there is potential for cooperation between the two firms on future PV plants.

ACC will invest 100% of the system cost and will undertake the design, construction, and long-term system maintenance. It will be providing electricity at prices below that of the grid to Wahaha.

Thomas Lapham, chief executive of ACC, said: “ACC is honoured to begin cooperation with Wahaha Group on rooftop solar PV projects. Wahaha Group is the largest food and beverage manufacturer in China with over 80 production bases across the country. Our firms will initiate the solar programme for two Wahaha manufacturing bases in Zhejiang province first, anticipating tremendous potential to expand cooperation nationwide in the future.”

Goldman Sachs-backed ACC recently announced that it would partner SUMEC New Energy & Development to develop a 100MW solar pipeline in China.

Read Next

January 24, 2022
Major polysilicon and wafer producer GCL-Poly Energy Holdings confirmed the completion of its granular silicon facility and, in a major reversal of last year’s fortunes, is expecting RMB5.5 billion (US$850 million) in net profit for 2021, according to a company statement.
January 20, 2022
Distributed PV installations in China topped 29GW last year, contributing more than half of total solar installations in the country for the first time.
January 17, 2022
Solar module manufacturer Seraphim has launched its new S5 series of high-efficiency PV modules with a maximum power output of up to 670W and an efficiency of 21.57%.
January 13, 2022
Finlay Colville, head of market research at Solar Media, reveals the top ten PV module suppliers last year in the first of a two-part blog, exploring not just shipment volumes but also the overall supplier bankability.
January 10, 2022
Upstream solar major Tongwei has forecasted for profits to more-than-double in its 2021 financial year on the back of increased material and cell prices experienced last year.
January 7, 2022
The solar PV industry produced more than 190GW of modules during 2021, as the industry went through its first major production-led supply cycle, Finlay Colville reveals in exclusive analysis for PV Tech.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal