NINGBO, China, July 21, 2015 /PRNewswire/ -- Risen Energy, a public limited liability company, organised under the laws of the PRC and a leading integrated manufacturer of solar photovoltaic products, today announced the co-operation between Indian Raasi Green Earth Energy and themselves, encompassing a milestone MoU to jointly invest and develop a 100MWac Solar Plant in Ramnad district, State of Tamilnadu, India.
The scope of the co-operation countenances RISEN Energy's joint majority investment and development of the solar power plant with Raasi in Tamilnadu and makes it the first majority direct and the largest foreign investment by a Chinese company, in the Indian solar PV market.
Mr. C.Narasihman, chairman of Raasi group of companies said, " we are extremely pleased to partner with RISEN, which is among the most admired Tier-1 Solar company globally and I am fully satisfied with their quality, expertise in technology and motivation. Our selection of Risen, whilst heavily techno-commercially orientated, ultimately was endorsed by our strategic needs of a trustworthy financially stable partner, who can, with us, further leverage the resulting enhanced revenues into additional project developments."
Risen CSMO, Mr. Bypina Veerraju Chaudary, said, "I am elated to announce this collaborative investment that is in line with our overseas development strategy for emerging solar markets and shows our strong commitment for a long innings in India." He expounded further, "Raasi's committed, solid strategy of solar PV growth is highly exciting for us, as we develop our ongoing presence in India. As always, actions speak louder than any words. By jointly investing into an initial notably sized solar PV project, whilst sweeping aside geographical boundaries, each party is demonstrating their capability and visualization of what is possible to create a profitable, minimal risk, growth within a highly competitive field."
Mr. Ponsekar, Vice President, RISEN mentioned, " We shall leverage our global project expertise to make this a showcase project and deploy Risen's newest range of high performance anti-PID solar modules, allowing both companies to benefit from the industry's lowest thermal coefficient of power incorporated within, maximizing energy capture in a hotter working environment. Consistently excelling in energy yields, as demonstrated by Photon's ranking index (#2) and with more than 3GW of solar modules installed worldwide, Risen is further reaching out to the international market with uncompromising and highly compelling solutions for discerning solar PV consumers."
About Risen Energy
Risen Energy is a principal, leading manufacturer of high-performance solar photovoltaic products and provider of total business solutions for power generation. The company, founded in 2002, and publicly listed in 2010, compels value generation for its chosen global customers. With local market presence and strong financial bankability status, we are committed, and able, to building strategic, mutually beneficial collaborations with our partners, as together we capitalize on the rising value of green energy. http://www.risenenergy.com
About Raasi Green Earth Energy
Raasi Green Earth Energy is a utility scale solar power development company located in Bangalore with a "Concept to Commissioning" philosophy. Raasi is committed to developing 10GWp of Solar Projects across India over the next 7 years, and has initiated this commitment with the signing of the first MoU with the Government of Tamilnadu for a 100MWac Solar Park with further 500MWac Solar projects in the pipeline for development in the Southern states of India. http://www.raasienergy.com
SOURCE Risen Energy Co., Ltd