Asia Clean Capital (ACC) has signed a distributed power supply agreement with leading skin care company Nivea (Shanghai) to build a rooftop solar system and solar carport at Nivea's factory in Qingpu, Shanghai.
Under the terms of the Agreement, ACC will invest 100% of the system cost and undertake the design, construction, and long-term system maintenance.
Nivea aims to reduce its consumption of water, energy and scarce raw materials in production and sales and will benefit from self-consumption of the solar projects’ generation.
Electricity from the solar system will be provided to Nivea Shanghai at competitve rates to ensure operational savings throughout the lifetime of the system.
Tang Hao, senior vice president of ACC, said: "We are delighted to cooperate with Nivea to develop this solar system. We look forward to continuing cooperation together to boost the skin care industry's sustainable development."
EDF Energies Nouvelles and ACC recently announced a joint venture to build and operate a pipeline of distributed rooftop solar projects in China.