RISEN Energy Co. Ltd, China & RAASI Green Earth Energy (P) Ltd, India, signed a landmark MoU to jointly invest and develop a 100 MW Solar Plant in Ramnad district, Tamilnadu, India.RISEN Energy’s joint investment and development of this 100 MW Solar Power Plant with Raasi Green Earth Energy in Tamilnadu makes it the first & largest foreign investment by a Chinese company in Indian Solar PV Market.
RISEN Energy, a leading Tier-1 Solar PV cell & Module manufacturer is among the largest Solar PV company with an annual production capacity of 1.5 GW. RISEN is listed in Shenzhen stock exchange ( code 300118 ) and also develop Solar projects in China, Europe & Mexico. RISEN is consistently ranked # 2 in Photon Module energy yield index ranking and more than 3 GW RISEN PV Modules are in operation worldwide.RAASI Green Earth Energy is a Solar Power development company with a vision & commitment to develop 10 GW of Solar Projects across the country over the next 7 years, as committed by its Chairman Mr. C.Narasihman, during RE Invest. RAASI was the 1st to sign an MoU with Government of Tamilnadu for a 100 MW Solar Park and planning further 500 MW Solar projects for development across the Southern states.
Mr. Narasimhan, in a release.said “ RAASI is extremely pleased to partner with RISEN, which is among the most admired Tier-1 Solar company in China with strong financials and I’m fully satisfied with their quality, expertise & motivation. RAASI’s partnership with RISEN in this 100 MW Solar project is only the beginning and we have larger plans for coming years.”
Bypina Veerraju Chaudary, CSMO, RISEN – China, said “ I am elated to announce this collaborative investment that is inline with our overseas development strategy for emerging solar markets and shows our strong commitment for a long innings in India”. Mr. Ponsekar, Vice President, RISEN mentioned “ We shall levereage our global project experitse to make this a showcase project and deploy RISEN’s ew range of High Power, 72 cells, Anti-PID PV modules with Lowest Thermal coefficienct of power, very ideal for hot zone regions like India, to maximize energy yield.”
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