Risen Energy Signed a Memo of Cooperation, Expanding Indian Market
Risen Energy Co., Ltd and RAASI GREEN EARTH ENERGY PVT LTD (RGEE) signed a memo of cooperation with the principle of mutual benefit and common development on 15, July, 2015. It is about investing and developing 118MW DC (100MW AC) solar power stations in Tamil Nadu, India.
Founded in India, RGEE works on infrastructure business in Solar Parks, including designing, developing, constructing and operating. Now it owns the license, the approval, the right to connect to grid, the license of land use and operation, of an 118MW DC (100MW AC) solar power station in Tamil Nadu, India. Risen Energy will provide solar modules and EPC support needed in constructing the project according to the memo. Risen Energy holds 51% stock right and RGEE and its partners hold 49%.
Risen Energy committed to constructing and operating solar power stations. The cooperation with RGEE is a step to expand Indian market, improving the layout of solar power station in the emerging markets overseas, driving PV modules sales. It brings benefits for the company and increases value for the local community to enhance company’s industry influence and brand image.
About Risen Energy
Risen Energy Co., Ltd. was founded in 2002 and listed as a Chinese public company (Stock Code: 300118) in 2010. Risen Energy is one of the pioneers in solar industry and has committed to this industry as a R&D expert, an integrated manufacturer from wafers to modules, a manufacturer of off-grid systems, and also an investor, a developer and an EPC of PV projects. Aiming to deliver the green energy worldwide, Risen Energy is developing internationally with offices and sales networks in China, Germany, Australia, Mexico, India, Chile, and Benin. After years of efforts, it has reached a module production capacity of 1.5GW and an accumulative shipment of 3GW. While growing rapidly, Risen Energy keeps a stable pace with an average debt ratio at around 50% from 2011 to 2014 and it also generates innovations by setting up subsidiaries for internet finance and financial leasing as one step towards "Internet Energy".
