Risen Energy becomes the first Chinese company to build
solar power plants in Kazakhstan
NINGBO, China, May 24, 2018 /PRNewswire/ -- Leading Chinese
solar panel manufacturer Risen Energy Co., Ltd. signed a mandate
letter with the European Bank for Reconstruction and Development
(EBRD) for financing construction a 63MW solar project in
Kazakhstan during the 27th annual
meeting of EBRD held on May 10, 2018
in Jordan.
Construction of the greenfield 63MW solar project will start in
September and is scheduled to be completed in June 2019, with an average annual power capacity
projected to reach 108,719 MWh after being put into operation.
Earlier this year, EBRD and Risen Energy signed another mandate
letter for financing of Risen Energy's 40MW solar project, also in
Kazakhstan. Cooperation with EBRD
will support Risen Energy in entering Kazakh solar market and
becoming the first Chinese PV firm to build solar power stations in
the country.
"The partnership with EBRD opens a new chapter for Risen
Energy's international project financing plan as it represents both
a qualitative leap for and a significant step in the company's
international expansion strategy. Ties with international
multilateral organizations such as EBRD provide the company with a
valuable opportunity to enhance its competence in and strategy for
the development, financing and technology services of international
projects," said Zhang Jieling, director of project finance and
investment at Risen Energy.
Photo -
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