Risen Energy Plans New PV Plant In Changzhou

 

Via pv-tech.org

Major China-based PV module manufacturer Risen Energy has recently signed a framework agreement to build and operate a 5GW monocrystalline cell and module plant in Changzhou City, Jiangsu Province, China.

According to financial filings, Risen will partner in a Joint Venture with Changzhou Xixi Modern Agricultural Development Co as designated by the local Jintan District government in a  project expected to require approximately RMB 2.5 billion (US$383 million).

The JV framework agreement calls for Risen to provide RMB 1.5 billion (60% stake) and its partner RMB 1.0 billion (40% stake) towards establishing the new manufacturing facilities.

 

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