On 12th April in Beijing, Asia Clean Capital (ACC) stated it had entered into a solar power supply agreement with Nivea Shanghai.
The green energy creator has collaborated with the Shanghai arm of the German personal care name to build a solar system. ACC will build the new system on the rooftop, carport and open space in NIVEA's factory in Qingpu, Shanghai.
As part of the terms of the agreement, the duo agrees that ACC will invest 100% of the system cost and undertake the design, construction, and long-term system maintenance.
The solar project comes as skin care giant, Nivea, continues its efforts to lower its water, energy and scarce raw materials consumption throughout its production and sales processes.
Based on a self-consumption model, Nivea Shanghai will receive electricity from the solar system at competitive rates to ensure operational savings. These savings will be present throughout the lifetime of the system to demonstrate a significant financial saving.
Along with monetary benefits, the system will also support sustainability efforts and the wider environment by contributing to local ecology. The new system is expected to lower approximately 12.3 tonnes of SO2, 19,652 tonnes of CO2, and 36,683 tonnes of water consumption in the contract term.
The partnership with ACC will help to enable Nivea to reduce its carbon footprint and bolster its social responsibility positioning.
"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,” commented Tang Hao, Senior Vice President of Asia Clean Capital.
With offices in Beijing, Shanghai, Tianjin, and Hong Kong, ACC has a prominent identity in China, helping to improve the sustainability and environmentally-friendly efforts of large multinational companies.