21 Jul '15, 4pm

Risen Energy to invest and supply modules to 118MW PV power plant in India: China-based PV manufacturer Risen

Risen Energy is to co-develop and finance an 118MW PV power plant in the Ramnad district, State of Tamilnadu, India with Rassi Green Earth Energy (RGEE), part of diversified company, Raasi Group. Image: Risen Energy China-based PV manufacturer Risen Energy is to co-develop and finance an 118MW PV power plant in the Ramnad district of the state of Tamilnadu, India with Rassi Green Earth Energy (RGEE), part of diversified company, Raasi Group. According to Risen Energy a memorandum of understanding signed to jointly invest and develop in the project is the "first majority direct and the largest foreign investment by a Chinese company, in the Indian solar PV market". RGEE would however hold a 51% stake in the project and responsible for land acquisition through to electricity sales agreements, according to Risen’s financial filings outlining the MOU. The PV manufacturer also ...

Full article: http://www.pv-tech.org/news/risen_energy_to_invest_and_su...

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