Asia Clean Capital ("ACC") and Ten K Solar ("Ten K") announced earlier this week an exclusive distribution agreement for the Mainland China market. Under the terms of the Agreement ACC will develop solar projects in China using Ten K's patented solar technology, and Ten K will provide equipment for the projects from its Shanghai production facility.
The cooperation is anticipated to achieve 40MW of installed capacity within the next eighteen months, with further increases in production capability and sales pipeline forecast thereafter.
According to Mr. Thomas Lapham, CEO of ACC, "Ten K Solar is probably the world's most innovative solar manufacturer. Their panels have the highest efficiency, longest warranty, and greatest capacity per square meter in the industry. ACC's exclusive distribution channel in China will accelerate growth for both companies and contribute to improving the local environment."
"ACC has a strong pipeline of commercial rooftop projects. They understand energy density, reliability, safety, and above all else customer satisfaction," said Jeffrey Hohn, CEO of Ten K Solar. "Together we will rapidly grow the install base of ACC and Ten K systems."