South Korean solar company Hanwha Q Cells has today signed a cooperation agreement with rooftop PV developer Asia Clean Capital (ACC) for the construction of 200 MW of solar PV systems across China.
The collaboration aims to tally Hanwha Q Cells’ technical expertise with ACC’s existing sales channels in China to build out the pipeline over the next year. Hong Kong-based ACC is backed by Goldman Sachs and has been extremely proactive in partnering with leading solar firms in recent months to augment its solar rooftop portfolio.
This latest agreement follows similar collaborations with Japanese inverter specialist TMEIC on the development of a 200 MW solar pipeline in China, and an earlier 300 MW deal with Trina Solar, also to boost ACC’s Chinese PV presence.
In a press release, ACC said that Hanwha Q Cells will provide technical support, equipment supply and other services for association rooftop projects in China. Financing and construction will be handled by ACC.
"This pipeline will leverage the success of both companies, particularly ACC’s strong PV market expansion and financing capacity, and Hanwha Q Cells’ strong influence in the PV industry," said ACC CEO Thomas Lapham, who signed the agreement with Hanwha Q Cells president Jongseo Kim in Beijing, China.