Asia Clean Capital will bring its extensive experience in distributed solar energy to the partnership, while EDF EN will add its international distributed solar energy and onsite-consumption expertise. Together they plan to build and operate a portfolio of distributed rooftop solar projects in China. (Photo Credit: Asia Clean Capital)
- France’s EDF Energies Nouvelles (EDF EN) and Asia Clean Capital have announced plans to set up a joint venture
- With this joint venture, EDF EN has entered into distributed generation in China’s PV market
- Together, the companies will build and operate a portfolio of distributed rooftop solar projects in China
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The renewable energy development arm of energy giant EDF Group, EDF Energies Nouvelles (EDF EN), has joined hands with Asia Clean Capital (ACC) to form a joint venture, which marks the French company’s entry into the rooftop PV market in China.
EDF EN has been present in China for over 30 years in the nuclear power, renewable energy and energy services market.
ACC specializes in rooftop solar projects across China. Its clientele includes large multinational and domestic firms based in the Asian country (see Nestlé China Goes Solar). Together, the companies plan to build and operate a portfolio of distributed rooftop solar projects in China.
While details about the JV are scarce, a press release from ACC states that the JV will benefit from “ACC’s local footprint in distributed solar energy and from EDF Energies Nouvelles’ international distributed solar energy and self-consumption expertise.”
“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,” said COO of EDF EN Bruno Fyot.
Previously, Xian based vertically integrated module manufacturer LONGi signed an agreement with ACC to develop 300 MW of rooftop solar pipeline in China (see ACC & LONGi To Develop 300 MW Rooftop PV).
EDF recently made a big news splash when it announced to install 30 GW of solar in its home market between 2020 and 2035 (see EDF Targets 30 GW in France)