SFCE Announces Strategic Co-operation Agreement with AVIC

Partnership with major conglomerate will expand SFCE's Energy Managements Contract (EMC) offer

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Shunfeng International Clean Energy Limited

Apr 09, 2015, 06:04 ET

HONG KONG, April 9, 2015 /PRNewswire/ -- Shunfeng International Clean Energy (SFCE) announced today that it signed a strategic co-operation agreement with Aviation Industry Corporation of China (AVIC) to form a joint venture aimed at promoting Energy Management Contracting (EMC) projects and providing integrated energy saving solutions to the customers. AVIC and SFCE's partnership will leverage this investment model to advance the increased adoption of clean energy projects.

SFCE Executive Director Wang Yu and AVIC Trust Deputy General Manager Wei Yinghui sign a strategic cooperation agreement aimed at promoting integrated clean energy solutions

"As we look to the upcoming year, we plan to introduce solutions for three major markets on a global scale: low-carbon cities, low-carbon communities including commercial customers, and low-carbon households. Our partnership with AVIC will help to implement this vision and increase our efforts to rollout integrated low-carbon energy-saving solutions. The EMC model will bring about an overall energy-savings up to 50% to 70% of costs from our green solutions," said Eric Luo, CEO of SFCE.

SFCE began to diversify its business in 2014 through the acquisition and integration of major global clean energy brands. It expanded its solar products line and services offering while adding capabilities in energy storage and smart micro grid to its EPC and operation and maintenance services. In 2015, SFCE signed an agreement with Nobao Renewable Energy Holdings, a global leader in ground source heat pump (GSHP) technology industry, to jointly develop EMC services. Via equity adjustment, SFCE has also recently acquired a 51% ownership stake in Lattice Power, a mass producer of LED lighting products. Combining these elements, SFCE became an integrated clean energy solution provider, from solar power generation to urban lightings, centralized heating and cooling for cities, as well as energy storage and smart urban energy maintenance and operations. Based on these technologies and products application, SFCE is ready to roll out its complete and highly efficient low-carbon energy-saving solutions for cities, communities, commercial customers and households.

Yao Jiangtao, General Manager of AVIC Trust said, "Developing new energy solutions is crucial to managing pollution at the source and improving our environment. As a state-owned non-banking financial institution, AVIC Trust has a responsibility to create value for society when pursuing sustainable business goals. Working with SFCE, AVIC Trust can help to develop new EMC turn key projects which provide urban and commercial entities with systematic energy-saving solutions. We are working with our partners to introduce win-win solutions for businesses and society which allow cities to develop a cleaner future."

About SFCE

Shunfeng International Clean Energy Limited (SFCE) is committed to becoming the largest low-carbon, integrated, clean energy generation provider globally. Through strategic acquisitions and integration, SFCE owns a number of well-known product and technology brands in the industry. SFCE fosters a continuous improvement in energy generation including in solar, wind, ocean power and ground source heat pumps, combined with energy management and storage capabilities. SFCE aims to provide clean energy solutions to large scale public and commercial users such as business facilities, data centers, hotels, large scale public facilities, industrial enterprises, office buildings, schools, hospitals, sports stadiums and households. SFCE's energy solutions can achieve energy cost reductions of 50% - 70%, creating energy generation choices for its customers to reduce both carbon emissions and energy costs.

About Aviation Industry Corporation of China (AVIC) and AVIC Trust

AVIC is a state-owned corporation under the supervision of central government and a state authorized investment institution. Its business units cover defense, transportation aircraft, engine, helicopter, avionics and systems, general aviation, aviation research, flight test, trade and logistics, assets management, finance services, engineering planning and construction, automobile and etc. It owns almost 200 member companies, over 20 listed companies and employs over 400,000 staff. AVIC Trust Co., Ltd. is a company established by AVIC, Overseas-Chinese Banking Corporation and other enterprises. It is a joint-stock non-bank financial institution with China Banking Regulation Commission's approval and also a foreign invested enterprise approved by Ministry of Commerce. The company is based in Nanchang, Jiangxi province. It is one of the important platforms for financial operations of AVIC.

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