EDF Renewables buys majority stake in 77 MWp solar projects in China

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EDF Renewables in China is acquiring a majority stake in a 77 MWp rooftop PV assets portfolio from Asia Clean Capital (ACC). For the past year, ACC and EDF Renewables have been in partnership in the construction and operation of a shared B2B portfolio of roof-mounted distributed solar projects.

Commissioned over 2017 and 2018, the 17 rooftop solar facilities represent a total capacity of 77.1 MWp. Each project, covered by a Power Purchase Agreement with major multinational companies.

EDF Renewables has acquired a majority stake in this portfolio of rooftop PV projects through a joint venture in which the ACC Group, which developed and built the projects, retains a minority stake in the projects.

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