Risen Energy signs financing letter for 63MW solar project in Kazakhstan

Risen Energy and EBRD

Risen Energy, a solar panel manufacturer from China, has signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing the construction of a 63MW solar project in Kazakhstan.

Risen Energy will start the construction of the 63MW solar project in September. The target is to complete the solar project in June 2019. The average annual power capacity is projected to reach 108,719 MWh.

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, said Zhang Jieling, director of project finance and investment at Risen Energy.