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Risen Energy Secures Financing for 63MW Solar Project in Kazakhstan

Published on 28 May 2018
Risen Energy 
Risen Energy Co., Ltd. signed a mandate letter with the European Bank for Reconstruction and Development 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 108,719MWh after being put into operation.

"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.


ENF Profiles For Companies Mentioned in This Article

Risen Energy (Solar Materials): https://www.enfsolar.com/directory/material/3055
Risen Energy (Solar Panels): https://www.enfsolar.com/directory/panel/3055
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