Risen Energy financed a 63MW PV project in Kazakhstan

Recently, Chinese photovoltaic panel manufacturer Risen Energy announced that it has signed a letter of authorization with the European Bank for Reconstruction and Development (EBRD) to finance
a 63MW photovoltaic project in Kazakhstan.

Back on May 10, 2018, during the 27th EBRD Annual Meeting held in Jordan, Risen Energy and the European Bank for Reconstruction and Development signed a PV
project mandate.

Construction of the PV project will begin in September and is scheduled for completion
in June 2019.
The average annual power generation is expected to reach 8,719 MWh
after the start of construction.

Earlier this year, the EBRD and Risen Energy signed another mandate to provide project financing for Risen Energy's 40 MW solar project, also located in Kazakhstan
.
It is understood that Risen Energy is the first Chinese photovoltaic company
to build solar power projects in the country.

"The partnership with the European Bank for Reconstruction and Development opens a new chapter in Risen Energy's international project finance program, as it represents a qualitative leap and an important step
in the company's international expansion strategy.
”

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