NEFIN x BOSCH First Solar Photovoltaic Project Completion in Nanjing on 8 January 2020

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Journey towards Carbon Neutrality

 

HONG KONG, CHINA – Media
OutReach
 – 8 January 2020 – In a bid to achieve
its carbon neutrality goal as soon as possible, Bosch, in partnership with
NEFIN, the bespoke solar developer, announced the completion of its first solar
photovoltaic project at its Nanjing plant of Bosch Automotive Aftermarket (China) Co., Ltd.
Government representatives including Mr. Tao Lei, Deputy Director of the
Nanjing Municipal Bureau of Industry and Information Technology, Mr. Liu
Hongwen, Member of the Nanjing Bureau of Commerce Party Committee and Deputy
Director General of the Nanjing Investment Promotion Bureau, Mr. Shen Yinlong,
Deputy Director of Nanjing Economic and Technological Development Zone, Mr. Tao
Xiaojun, General Manager of State Grid Nanjing Power Supply Company, also
management of Bosch Group including Dr. Frank
Scheidemantel, Regional President APAC of Bosch Global
Business Services and Member of the
Board of Bosch China, other VIP guests
and media participated in the event that took place on 8 January 2020.

 

The Nanjing project is, by-far, the largest solar project by Bosch
globally. The project is divided into two phases. With completion of the first
phase, 17,422 solar modules, would be installed on available carparks and
ground surface, approximately the size of 100,000 square meters in total. The
first phase is expertly engineered to produce an estimated 7,700,000 kWh clean
solar energy per annum and reduce carbon emission by 8,000 tones. Leveraging on the robust mounting structure, the ground
mounted solar panels can easily be redeployed to the rooftops of buildings in
Bosch in the future. With construction started by 1st
August 2019, the first phase was completed within five months, which is
exceptionally short compared to industry standard. With the full system up and
running, it will be able to generate an installed capacity of over 10,680,000
kWh, worth over a million-dollar saving for the company.  

 

Climate change has created much challenges for the world in recent
years. In view of this, all nations are aggressively seeking ways to embrace
cleaner and greener sustainable solutions for the long run. China has also
launched a series of carbon neutrality measures to combat with the challenges.
According to Mr. Frank Meyer, Senior Vice President (AA/MFG-AP) and PM of Bosch Automotive Aftermarket
(China) Co., Ltd. Nanjing Plant, “Bosch aims to be
carbon-neutral by 2020. It will be the one of the first batch of multinational
companies to achieve this ambitious goal. This Nanjing solar photovoltaic
project is one of the most important steps taken towards this goal.” This Nanjing solar project, in collaboration with NEFIN, will be a
showcase for other Bosch plants around the world. NEFIN is a world-renowned
solar energy developer with bespoke experience in solar system deployment.
NEFIN has developed over 180MW solar projects worldwide. This collaboration
showcased best practices in the united effort towards carbon neutrality. At the
same time, it helps Bosch save huge energy costs in the future and helps
cultivate towards the vision of embracing more green energy on a global
scale. 

 

“It is our largest C&I solar project in China. With this first
successful collaboration between NEFIN and Bosch, I believe this paves the way
forward towards carbon neutrality in China and opens doors to opportunities
globally.” said Mr. Glenn Lim, CEO of NEFIN.

 

In the near future, Bosch will further
explore possibility to adopt solar energy around plants in Asia and worldwide.
As partner of Bosch in this matter, NEFIN will continue to contribute its
expertise and professional solutions along the way. The Bosch Nanjing solar
panel system is already contributing power to the plant.

About NEFIN Group

Founded by core management team of DuPont Solar Business, legal
expert and investment bankers, NEFIN has collectively delivered over 180MW of
utility-scale, commercial and industrial rooftop solar systems all over the
world. The group’s total solutions not only offer comprehensive portfolio of
high-performance products, feasibility study, system design, engineering and
asset management,
but
also provide flexible financing solutions to partners who opt for ZERO
investment. Please refer to NEFIN’s website
www.nefinco.com for more information.


About Bosch Group

Bosch Group is a global supplier of automotive technology and
services. In 1902, Bosch designed and manufactured the world’s first spark plug,
a major milestone at its automotive development history. Bosch Automotive Aftermarket (China) Co., Ltd. (AACN) is a wholly
owned company by Bosch Group. The company was previously known as Nanjing Huade
Spark Plug Co., Ltd (NHSP), a joint venture by Bosch Group and Nanjing Electric
in 2 April 1996. Bosch Group obtained full ownership of the company by February
2010. Since then AACN has become a solely owned subsidiary of Bosch Group. Share
capital was further expanded by March 2011. New plant was built in East Zone of
Nanjing Economic and Technological Development Zone and reopened on 20 March
2013, occupying about 31 Million square feet. The company develops and produces
spark plugs, brake components and diagnostic equipment. It is the Bosch’s
largest spark plugs manufacturing base, with advanced R&D hub and testing
facility for both the independent aftermarket and original equipment services.

About the Nanjing Economic and Technological Development Zone

After 27 years of robust development, the Nanjing Economic and
Technological Development Zone has become an important state-developed area
within the eastern Yangtse Delta region. It is also key zone for industrial development,
technological innovations and opening to the outside world for Nanjing as a
whole. Working alongside the “4+4+1” industrial development roadmap for Nanjing
city in recent years, the Nanjing Economic and Technological Development Zone
has vigorously developed into industrial landmarks for the three key traditional
industries of top-notch display, high-end equipment and biomedical industries. At
the same time, it has further developed into new areas of new-energy
automobiles, artificial intelligence and other new industries, especially into electro-optical
industry, with an aim to become the province’s No. 1, China’s top 3 and one of
the world-renowned industry landmarks. With the recent establishments by flagship
enterprises including LG New Energy Motor Batteries, Byton Motors and NIO
Motors, new energy brands are gaining more attention and will soon form a
unique landmark of its own inside the Development Zone. While promoting economic
growth, the Development Zone also aggressively explores possible green
development models, scientific formulas and solutions, resources centralization
and waste recycle or segmentation management. All these efforts have resulted
in continual advancement in operational quality, energy conservation and carbon
reduction. The Nanjing Economic and Technological Development Zone has received
many recognitions in these years, including but not limited to, being the State
Sustainable Economy Pilot Zone (
国家循环经济试点园区), the State Industrial Ecosystem Demo
Zone (
国家生态工业示范区) and the Best Showcase of State Economic and Technological Development Zone
in Green Development (
国家级经开区绿色发展最佳实践园区).